Reddit shares plunged over 9% on Wednesday following rumors that the social platform is threatening to prevent Google from using its content to train artificial intelligence models. According to a Wall Street Journal report, Reddit is considering terminating Alphabet's access as the two firms negotiate a renewal of their existing data-licensing agreement.
In 2024, the two businesses reached a $60 million agreement that would enable the search engine behemoth to use Reddit's material to train its AI models. According to the Journal, citing people with knowledge of the situation, Reddit is reevaluating the advantages of the agreement as Google's AI summaries decreased traffic to websites from the search results page.
The company's shares slumped 9.29% at 11:23 ET, going for $168.57 apiece.
https://breakingthenews.net/Article/Reddit-sinks-9-on-report-it-may-cut-ties-with-Google/66750575
No comments:
Post a Comment
Note: Only a member of this blog may post a comment.