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2024-09-03 11:16:55
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AIbase
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11.5k
The Gold Mine of the AI Era! Unveiling How Reddit's AI Data Licensing Business Achieved a 691% Revenue Growth
Reddit, known for its vast user community and rich data resources, has opened up new revenue streams through data licensing. The platform hosts over 100,000 active communities, attracting 76 million users daily and generating a massive amount of data that includes real-time discussions, opinions, and interactions, which is highly valuable for AI and machine learning model development. With the rapid advancement of AI technology, Reddit's data has become a key resource for training AI models. In 2023, Reddit launched its data licensing program, which is expected to grow significantly in 2024.
2024-02-23 11:53:01
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AIbase
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5.6k
Reddit's Data Licensing Revenue with AI Companies Reaches $203 Million
Reddit has generated $203 million in revenue through data licensing agreements with several AI companies. Reddit emphasizes the positive impact of its relationships with AI providers on its IPO prospects. The data from Reddit is crucial for training AI models and has become the focus of the article. AI providers are actively pursuing licensing agreements to acquire high-quality data for model training.