Why Google and OpenAI suddenly paid Reddit $160 million

The Australian Financial Review
10 Apr

Social platform Reddit was busy building an advertising business to compete with the likes of Google and Meta when it found another way to add $US100 million to its bottom line: generative artificial intelligence.

The rise of large language models that ingest huge databases of content and respond with human-like answers – OpenAI’s ChatGPT and Google’s Gemini, for example – has been a huge boon for Reddit.

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