Reddit highlights another source of revenue beyond ads: Profitable AI agreements
Reddit Inc. announced on Thursday that artificial intelligence will play a significant role in its business, as stated in its highly anticipated initial public offering filing. This move is expected to open up a potentially lucrative yet controversial revenue stream for the company. San Francisco-based Reddit, a platform that hosts discussions on thousands of different topics, makes most of its money by selling ads that appear alongside social content. In its filing, the 19-year-old company outlined another additional business: selling content to companies that build chatbots like ChatGPT. Big tech…
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