Reddit

Reddit's moat is a vast archive of authentic human conversation organized by community, exactly the kind of opinionated, experiential data that models struggle to synthesize. That value has become a licensing business, but it also incentivizes AI answers that paraphrase Reddit threads without sending readers back, pressuring the engagement loop that produces the content in the first place.

• Google (AI training license)

  Reddit signed a data-licensing deal reported at ~$60M/year to train Google's AI models, confirming the corpus's value.

  Reuters — Reddit AI content licensing deal with Google

• Reddit S-1 registration statement (2024)
• Reuters — Reddit AI content licensing deal with Google