FTC Investigates Reddit's AI Data Licensing Ahead of IPO
The probe examines deals including a $60 million agreement with Google, raising questions about the platform's data use practices.
- Reddit is under FTC investigation for its AI data licensing practices as it prepares for an IPO.
- The probe focuses on Reddit's agreements to share user-generated content with AI firms, notably a $60 million deal with Google.
- Reddit claims it has not engaged in unfair or deceptive practices and is not surprised by the FTC's interest.
- The investigation highlights regulatory challenges in the rapidly growing AI market.
- Reddit's IPO, expected to value the company at up to $6.5 billion, could be impacted by the outcome of the FTC inquiry.
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