Well, looks like Google and reddit is entering a partnership & Reddit will be getting paid $60 million a year. While Google will be using reddit’s content for their AI’s service.
SAN FRANCISCO, Feb 21 (Reuters) - Social media platform Reddit has struck a deal with Google (GOOGL.O), opens new tab to make its content available for training the search engine giant's artificial intelligence models, three people familiar with the matter said.
The contract with Alphabet-owned Google is worth about $60 million per year, according to one of the sources.
The deal underscores how Reddit, which is preparing for a high-profile stock market launch, is seeking to generate new revenue amid fierce competition for advertising dollars from the likes of TikTok and Meta Platform's (META.O), opens new tab Facebook.
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This is big news for google and reddit, but what do you think about this latest news?







