TechFlow news, according to Bloomberg, sources revealed that Reddit has signed a contract worth approximately $60 million allowing a major AI company to use its content to train AI models as it approaches its initial public offering (IPO). The move aims to capitalize on the AI boom to attract investors and boost its IPO valuation.
In addition, multiple AI companies are seeking content licensing agreements to train their programs, including OpenAI, which has reached a multi-million-dollar AI training deal with Axel Springer SE.
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