Online discussion platform Reddit is looking to ramp up revenue from ads, commerce, and allowing access to its data for training of large language models powering artificial intelligence. Reddit did not provide details regarding the number or price of shares nor when the initial public offering would occur. AI trainingPlans to bring in money included advertising and licensing data for training large language models (LLMs)that power artificial intelligence, according to the filing. Reddit had a net loss of $90.8 million in 2023 on revenue of $804 million, according to the filing. Reddit last year suffer a brief, major outage as communities protested new fees being charged to provide access to developers.

Source: The Star February 23, 2024 04:21 UTC