Reddit strikes $60 million deal allowing Google to train AI models on its posts

he arrangement, announced Thursday and valued at roughly $60 million, will also give Reddit access to Google AI models for improving its site search and other features. Reddit has struck a deal with Google that allows the search giant to use posts from the online discussion site for training its artificial intelligence models and to improve products such as online search. The arrangement, announced Thursday and valued at roughly $60 million, will also give Reddit access to Google AI models for improving its site search and other features. Separately, the San Francisco-based company announced plans for its initial public offering Wednesday. In documents filed with the Securities and Exchange Commission, Reddit said it reported net income of USD 18.5 million — its first profit in two years — in the October-December quarter on revenue of USD 249.8 million. The company said it aims to list its shares on the New York Stock Exchange under the ticker symbol RDDT.