As the tech platform prepares for a public offering, it says that most of its revenue is from advertising, but touts artificial intelligence as a growth area.
The Reddit IPO appears set to move forward, with the tech platform filing its form S-1 with the Securities and Exchange Commission on Thursday.
The form lists a variety of new details about the site, including its financials, risk factors, and key business lines.
“Our content is particularly important for artificial intelligence (‘AI’) – it is a foundational part of how many of the leading large language models (‘LLMs’) have been trained,” the company writes in the S-1.
We expect our data advantage and intellectual property to continue to be a key element in the training of future LLMs.”
News reports have pegged the partner as Google, which is using Reddit data to train its Gemini LLM.
According to the filing, Huffman’s total compensation in 2023 was $193.2 million, though that was almost all in the form of stock and option awards, which may or may not vest, depending on the company’s performance.
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The Reddit IPO appears set to move forward, with the tech platform filing its form S-1 with the Securities and Exchange Commission on Thursday.
The form lists a variety of new details about the site, including its financials, risk factors, and key business lines.
“Our content is particularly important for artificial intelligence (‘AI’) – it is a foundational part of how many of the leading large language models (‘LLMs’) have been trained,” the company writes in the S-1.
We expect our data advantage and intellectual property to continue to be a key element in the training of future LLMs.”
News reports have pegged the partner as Google, which is using Reddit data to train its Gemini LLM.
According to the filing, Huffman’s total compensation in 2023 was $193.2 million, though that was almost all in the form of stock and option awards, which may or may not vest, depending on the company’s performance.
The original article contains 443 words, the summary contains 153 words. Saved 65%. I’m a bot and I’m open source!