In a significant development, Reddit has entered into a groundbreaking deal with Google, allowing the tech giant to utilize posts from the popular online discussion platform to enhance its artificial intelligence models and refine products like online search. The deal, valued at approximately $60 million,  includes provisions for Reddit to leverage Google's AI models to improve its site search functionality and other features, marking a pivotal collaboration between the two tech giants.Simultaneously, Reddit disclosed its intentions for an initial public offering (IPO) on Wednesday. According to documents filed with the Securities and Exchange Commission, the San Francisco-based company reported a net income of $18.5 million, marking its first profit in two years, on revenue totaling $249.8 million for the October-December quarter.

Reddit aims to list its shares on the New York Stock Exchange under the ticker symbol RDDT, signaling its ambitions for growth and expansion in the market.This partnership holds significant implications for both Reddit and Google. Reddit, known for its diverse array of user-generated content and reliance on volunteer moderators, stands to benefit from Google's advanced AI capabilities to enhance its platform's search functionality. Meanwhile, Google sees the collaboration as an opportunity to tap into Reddit's vast repository of authentic human conversations and experiences, enabling it to refine its AI systems and provide users with more relevant information in a conversational format. Google emphasized its commitment to facilitating easier access to Reddit content through its products, emphasizing a mutual benefit that aims to enhance user experience and engagement on both platforms