Reddit Is Said to Sign AI Content Licensing Deal Ahead of IPO - Bloomberg:

The San Francisco-based firm told prospective investors in its IPO that it had signed the deal, worth about $60 million on an annualized basis, earlier this year, the people said. Reddit’s agreement with an unnamed large AI company could be a model for future contracts of a similar nature, one of the people said.

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Jason Velazquez @fromjason