Reddit stock sinks on report it may not renew Google AI content deal

Reddit Inc. shares fell more than 8% on Wednesday after The Wall Street Journal reported the social media company may not renew its content licensing deal with Alphabet Inc.'s Google, which allows Google to train its AI models on Reddit posts. The report said Reddit is reconsidering the deal's benefits as Google's AI summaries have reduced traffic to websites from search results.

Reddit stock sinks on report it may not renew Google AI content deal Source: CNBC Technology https://www.cnbc.com/technology/ Google's AI summaries have reduced traffic to websites from the search results page and Reddit is reconsidering the benefits of the deal, the Journal said. Get AI news in your inbox Daily digest of what matters in AI.