According to PANews, Reddit Inc. 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 and increase the value of the IPO. Reddit's revenue exceeded $800 million last year, an increase of about 20%, and it is recommended that the IPO valuation be at least $5 billion. The IPO may be launched as early as next month. Details are still under discussion and Reddit declined to comment. AI companies are seeking content licensing agreements to train programs, including OpenAI's contract with Axel Springer SE. Reddit's IPO is operated by 16 banks including Morgan Stanley and Goldman Sachs Group.