How Reddit, one of US' most-visited platforms, became a darling for AI companies
AI companies, once Reddit's biggest frustrations, now are a key source of growth for the social-media platform. These companies have an insatiable appetite for online data to train their models and display content in easy-to-digest format, reports The Wall Street Journal.
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Why Reddit is an attractive resource for AI companies
Social-media veteran and IPO newbie Reddit's 19-year warehouse of user commentary makes it an attractive resource for AI companies. Reddit recently reported its first quarterly profit as a publicly traded company, thanks partly to data-licensing deals it made in the past year with OpenAI and Google.
Reddit Chief Executive and co-founder Steve Huffman has said the company had to stop giving away its valuable data to the world's largest companies for free. «It is an arms race, » he said at the Wall Street Journal's Tech Live Conference. «But we are in just talks with everybody, so we'll see where these things land.»
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