Comment on Reddit blocking all major search engines, except Google

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tal@lemmy.today ⁨3⁩ ⁨months⁩ ago

I wonder what kind of contract they went with.

reuters.com/…/reddit-ai-content-licensing-deal-wi…

The contract with Alphabet-owned Google is worth about $60 million per year, according to one of the sources.

SAN FRANCISCO, Feb 21 (Reuters) - Social media platform Reddit has struck a deal with Google (GOOGL.O) , opens new tab to make its content available for training the search engine giant’s artificial intelligence models, three people familiar with the matter said.

The contract with Alphabet-owned Google is worth about $60 million per year, according to one of the sources.

For perspective:

cbsnews.com/…/google-reddit-60-million-deal-ai-tr…

In documents filed with the Securities and Exchange Commission, Reddit said it reported net income of $18.5 million — its first profit in two years — in the October-December quarter on revenue of $249.8 million.

Given that Reddit granting exclusive indexing to Google happened at about the same time, I would assume that that deal includes that, but maybe it’s separate.

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