Monday, November 11News That Matters

Tag: signs

Google signs Sh8.73bn deal with Reddit for AI training
Business

Google signs Sh8.73bn deal with Reddit for AI training

Google has inked a $60 million (Sh8.7 billion) deal with Reddit in a groundbreaking move that allows it to leverage posts from the popular online discussion platform to enhance its artificial intelligence (AI) models. The collaboration, announced on Thursday, not only empowers Google in refining services like Google Search but also grants Reddit access to Google's AI models for bolstering its internal site search and other features. The agreement according to a report by CBS News comes at a crucial time for Reddit, coinciding with the company's plans for an initial public offering (IPO), as revealed in documents filed with the Securities and Exchange Commission. Reddit reported a net income of $18.5 million (Sh2.6 billion) in the October-December quarter, marking it...