Reddit CEO says platform's vast conversations fuel AI boom, driving strong revenue and user growth.

Reddit CEO Steve Huffman highlighted the platform's extensive library of user conversations as a key resource powering the artificial intelligence boom. Reddit reported a strong quarter with revenue up 69% year-over-year to $663 million, driven mainly by advertising, and daily active users rising 17% to 126.8 million. The company benefits from a lightweight business model with low capital expenditures, enabling it to generate $311 million in free cash flow. Partnerships with AI leaders like Google and OpenAI underscore Reddit's growing importance as a source of authentic data for AI development.