Reddit & Google Strike Multi-Million Dollar AI Training Data Deal

Home Hardware Reddit & Google Strike Multi-Million Dollar AI Training Data Deal

Updated on November 5 2024

Recently, Reuters reported a significant agreement between the popular social media platform Reddit and Google. This deal allows Google to use Reddit's content to train its artificial intelligence models, with the contract valued at approximately $60 million annually. This information comes from three anonymous sources.

As a platform driven by user-generated content, Reddit offers a rich and diverse array of data that is essential for training AI models. Google, one of the leading AI companies in the world, has been actively seeking varied data sources to enhance the accuracy and generalization capabilities of its models.

This collaboration marks not only the first public agreement between Reddit and a major AI company but also signifies a new phase in Reddit’s commercial strategy. Previously, Reddit had begun charging for API access, resulting in several third-party clients halting their development.

Additionally, Reddit is preparing for an initial public offering (IPO) and plans to file its application soon, with financial documents expected to be released this Thursday. Reddit was valued at around $10 billion during its 2021 funding round, and this IPO is anticipated to sell approximately 10% of the company's shares.

In the field of AI training data, major companies are actively seeking partnerships with content owners to mitigate potential copyright issues. The partnership between Reddit and Google could set a precedent for the industry. As of now, neither Reddit nor Google has commented on the announcement.

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