CosmicTaco

Reddit's AI Data Goldmine: Profit Surge

CosmicTaco · 2024-12-11T11:32:54.888729+05:30

- Reddit has turned a major frustration into a growth source by licensing its data to AI companies, leading to its first quarterly profit as a public company. - The platform's vast, topic-organized data is highly valuable for AI training, with revenue from data licensing growing significantly in 2024. - Investors are drawn to Reddit's diversification beyond advertising, boosting its stock value as it taps into the AI boom. Source: [WSJ](https://www.wsj.com/tech/ai/reddit-ai-partnerships-investors-59eef0fe)

Reddit has turned a major frustration into a growth source by licensing its data to AI companies, leading to its first quarterly profit as a public company.
The platform's vast, topic-organized data is highly valuable for AI training, with revenue from data licensing growing significantly in 2024.
Investors are drawn to Reddit's diversification beyond advertising, boosting its stock value as it taps into the AI boom.

Source: WSJ