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Reddit in $60M deal with Google to boost AI tools, report claims | Digital Trends

Feb 23, 2024 - digitaltrends.com
Google has reportedly signed a $60 million deal to use Reddit content to train its AI models, according to sources cited by Reuters. The move is expected to enhance the conversational abilities of chatbot tools and provide them with relevant, up-to-date information. The deal comes amid concerns over copyright infringement as AI companies often use web content without recognition or financial compensation to the original creators. Reddit also plans to go public and list its shares on the New York Stock Exchange under the ticker symbol RDDT.

The deal mirrors a recent agreement between Axel Springer and OpenAI, which allows the latter access to the German media company's content for AI training. However, concerns have been raised about whether the revenue from such deals will be shared with content creators. Both Reddit and Google announced a move towards closer collaboration, but neither directly mentioned the reported deal or its value.

Key takeaways:

  • Google has reportedly struck a $60 million deal to use Reddit content to train its generative-AI models, aiming to make chatbot tools respond more naturally and with relevant information.
  • The deal comes amid concerns about AI companies using copyrighted content without recognition or financial compensation, leading some to take legal action over copyright infringement.
  • Reddit's deal with Google is similar to a recent agreement between Axel Springer and OpenAI, which has raised concerns about whether the money from such deals will be shared with content creators.
  • Both Reddit and Google announced a move towards closer collaboration, but neither directly mentioned the reported deal or its value.
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