Last Updated: February 20, 2024, 07:30 IST
Reddit goes to make use of your information to coach its AI mannequin which could not please many
Reddit has signed a contract permitting an Artificial Intelligence (AI) firm to coach its fashions on the social media platform’s content material from its customers.
(Reuters) – Reddit has signed a contract permitting an Artificial Intelligence (AI) firm to coach its fashions on the social media platform’s content material, Bloomberg News reported, citing individuals conversant in the matter.
Reddit, which is eyeing an preliminary public providing (IPO) launch, has informed potential buyers that it signed the deal, value $60 million on an annualized foundation, earlier this 12 months, the report mentioned.
The particulars of the AI deal may change as talks over the Reddit IPO launch, which may are available March, proceed.
The content material licensing deal comes at a time when curiosity in AI is at an all-time excessive.
Reddit declined to remark.
The settlement, signed with an “unnamed large AI company”, may very well be a mannequin for future contracts of an analogous nature, Bloomberg reported.
Reddit’s IPO, which has been within the works for over three years now, could be the primary IPO of a significant social media firm since Pinterest’s (PINS.N) debut in 2019.
The San Francisco-based firm was valued at about $10 billion in a funding spherical in 2021.
