Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesEarnWeb3SquareMore
Trade
Spot
Buy and sell crypto with ease
Margin
Amplify your capital and maximize fund efficiency
Onchain
Going Onchain, without going Onchain!
Convert
Zero fees, no slippage
Explore
Launchhub
Gain the edge early and start winning
Copy
Copy elite trader with one click
Bots
Simple, fast, and reliable AI trading bot
Trade
USDT-M Futures
Futures settled in USDT
USDC-M Futures
Futures settled in USDC
Coin-M Futures
Futures settled in cryptocurrencies
Explore
Futures guide
A beginner-to-advanced journey in futures trading
Futures promotions
Generous rewards await
Overview
A variety of products to grow your assets
Simple Earn
Deposit and withdraw anytime to earn flexible returns with zero risk
On-chain Earn
Earn profits daily without risking principal
Structured Earn
Robust financial innovation to navigate market swings
VIP and Wealth Management
Premium services for smart wealth management
Loans
Flexible borrowing with high fund security
Reddit signs $60 million content licensing deal with AI company ahead of IPO

Reddit signs $60 million content licensing deal with AI company ahead of IPO

CointimeCointime2024/02/20 04:03
By:Cointime

On February 20th, it was reported by insiders that Reddit has signed a contract worth approximately $60 million with a large AI company to allow them to use its content to train AI models. This move aims to attract investors with the AI trend and increase the value of its IPO. Reddit's revenue exceeded $800 million last year, with a growth of approximately 20%. Some suggest that Reddit's IPO valuation should be at least $5 billion, and the IPO may start as early as next month.

16 banks including Morgan Stanley and Goldman Sachs are involved in preparing for Reddit's IPO. Details are still under discussion and Reddit has declined to comment. In addition, several AI companies are seeking content licensing agreements for training programs, with OpenAI and Axel SpringerSE reaching an AI training contract worth millions of dollars.

0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Earn new token airdrops
Lock your assets and earn 10%+ APR
Lock now!