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flag Reddit signs $60M annual deal with AI company.

flag Reddit has signed a contract allowing a large AI company to train its models on the social media platform's content, according to people familiar with the matter. flag The deal is worth about $60 million on an annualized basis and could be a model for future contracts of a similar nature. flag Reddit's agreement with the unnamed AI company could help the company tap into investor enthusiasm for AI technology and boost its potential initial public offering (IPO).

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