Reddit plans to raise some $500 million with its initial public offering of shares , using the money to improve the platform and its money-making power, according to a regulatory filing on Monday.
New York (AFP) – Reddit plans to raise some $500 million with its initial public offering of shares , using the money to improve the platform and its money-making power, according to a regulatory filing on Monday. Plans for monetization include licensing data for training large language models (LLMs) that power artificial intelligence, according to an SEC filing.
