Reddit cashes in on AI gold rush with $203M in LLM coaching license charges

"Reddit Gold" takes on a whole new meaning when AI training data is involved.

Enlarge / “Reddit Gold” takes on an entire new which means when AI coaching knowledge is concerned. (credit score: iStock / Getty Photos)

The final week noticed phrase leak that Google had agreed to license Reddit’s large corpus of billions of posts and feedback to assist prepare its giant language fashions. Now, in a current Securities and Trade Fee submitting, the favored on-line discussion board has revealed that it’ll herald $203 million from that and different unspecified AI knowledge licensing contracts over the subsequent three years.

Reddit’s Type S-1—printed by the SEC late Thursday forward of the location’s deliberate inventory IPO—says the corporate expects $66.four million of that data-derived worth from LLM corporations to return through the 2024 calendar 12 months. Bloomberg beforehand reported the Google deal to be price an estimated $60 million a 12 months, suggesting that the three-year deal represents the overwhelming majority of its AI licensing income to this point.

Google and different AI corporations that license Reddit’s knowledge will obtain “steady entry to [Reddit’s] knowledge API in addition to quarterly transfers of Reddit knowledge over the time period of the association,” in response to the submitting. That fixed, real-time entry is especially helpful, the location writes within the submitting, as a result of “Reddit knowledge consistently grows and regenerates as customers come and work together with their communities and one another.”

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