Reddit has reportedly signed a $60 million per year deal with Google, allowing the tech giant to use its content for training AI models. The move comes as Reddit prepares for a highly anticipated stock market launch, aiming to boost revenue amid stiff competition from platforms like TikTok and Meta's Facebook. This marks Reddit's first reported deal with a major AI company, following its decision last year to charge for access to its API. The San Francisco-based company, valued at $10 billion, plans to file for its IPO this week, with an expected sale of about 10% of its shares. This would be the first major social media IPO since Pinterest in 2019. Founded in 2005 by web developer Steve Huffman and entrepreneur Alexis Ohanian, Reddit is known for its manifold niche discussion groups, some of which boast tens of millions of members.