Reddit Reportedly Seeks New Deal With Google For AI Content
Synopsis
According to a Bloomberg report, over a year and a half after its first data-licensing contract with Google, the company is now seeking agreements that include participation in future AI training and search features.
Reddit Inc. (RDDT) stock gained attention on Wednesday after a report stated that the company is holding preliminary discussions with Alphabet Inc. (GOOG, GOOGL) regarding a content licensing agreement.
According to a Bloomberg report, over a year and a half after the company’s first data‑licensing contract with Google, reportedly worth $60 million, Reddit now seeks agreements that include participation in future AI training and search features.
Reddit stock inched 0.4% lower on Wednesday afternoon and became the second-most trending ticker on Stocktwits.
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