Odaily Planet Daily News: People familiar with the matter revealed that Reddit has signed a contract of about $60 million to allow a large AI company to use its content to train AI models as it approaches its initial public offering (IPO). The move is aimed at using the AI ​​boom to attract investors to increase the value of its IPO. Reddit's revenue exceeded $800 million last year, an increase of about 20%. Some people suggest that Reddit's IPO valuation is at least $5 billion, and the IPO may start as early as next month. 16 banks including Morgan Stanley and Goldman Sachs Group are involved in preparing for Reddit's IPO. Details are still under discussion and Reddit declined to comment. In addition, several AI companies are seeking content licensing agreements to train programs, among which OpenAI has reached an AI training contract worth tens of millions of dollars with Axel Springer SE. (Bloomberg)