{"id":10877,"date":"2024-02-21T12:37:43","date_gmt":"2024-02-21T10:37:43","guid":{"rendered":"https:\/\/forklog.com\/en\/reddit-secures-60-million-ai-content-licensing-deal\/"},"modified":"2024-02-21T12:37:43","modified_gmt":"2024-02-21T10:37:43","slug":"reddit-secures-60-million-ai-content-licensing-deal","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/reddit-secures-60-million-ai-content-licensing-deal\/","title":{"rendered":"Reddit Secures $60 Million AI Content Licensing Deal"},"content":{"rendered":"<p>Reddit has signed a $60 million contract allowing an unnamed artificial intelligence company to train its models using the platform&#8217;s content. This was reported by <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2024-02-16\/reddit-is-said-to-sign-ai-content-licensing-deal-ahead-of-ipo\">Bloomberg<\/a>, citing sources.<\/p>\n<p>According to the agency, the company disclosed the deal to potential investors as part of its <span data-descr=\"initial public offering\" class=\"old_tooltip\">IPO<\/span>. The agreement could serve as a template for future contracts of a similar nature.<\/p>\n<p>Recently, some tech companies have started making deals with media platforms and social networks, licensing portions of content used for training AI models. <\/p>\n<div class=\"wp-block-text-wrappers-update-2 article_update\"><time class=\"gtb_text-wrappers_update_time\">23 February 2024 | 15:33<\/time><span class=\"gtb_text-wrappers_update_head\">Update: <\/span><\/p>\n<p>The unnamed company has been revealed as Google, according to <a href=\"https:\/\/www.reuters.com\/technology\/reddit-ai-content-licensing-deal-with-google-sources-say-2024-02-22\/\" title=\"\">Reuters<\/a>. Representatives from the corporation and Reddit declined to comment.<\/p>\n<\/div>\n<p>In December 2023, OpenAI <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2023-12-13\/openai-axel-springer-ink-deal-to-use-news-content-in-chatgpt\">signed<\/a> an agreement with German publisher Axel Springer for access to its articles. Previously, the AI company had made deals with other organizations, including Associated Press.<\/p>\n<p>In April, Reddit announced it would begin charging for API access from companies using it to collect data for training large language models.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Reddit has signed a $60 million contract allowing an unnamed artificial intelligence company to train its models using the platform&#8217;s content. This was reported by Bloomberg, citing sources. According to the agency, the company disclosed the deal to potential investors as part of its IPO. The agreement could serve as a template for future contracts [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":10876,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"","news_style_id":"","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[438,1400],"class_list":["post-10877","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-artificial-intelligence","tag-reddit"],"aioseo_notices":[],"amp_enabled":true,"views":"56","promo_type":"","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/10877","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=10877"}],"version-history":[{"count":0,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/10877\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/10876"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=10877"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=10877"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=10877"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}