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Reddit and Snowflake Emerge as High-Growth AI Plays for Investors
Reddit and Snowflake Emerge as High-Growth AI Plays for Investors
21
2
BTCCSquare news:
Social media platform Reddit and cloud data firm Snowflake are capitalizing on artificial intelligence tailwinds, positioning themselves as compelling growth stocks. Reddit's treasure trove of user-generated content has become valuable training data for AI developers, evidenced by its $135 million data licensing revenue over the past year - a 864% increase from 2022.
The company's recent deal with Google underscores how conversational data from 110 million daily active users creates unique monetization opportunities beyond traditional advertising. Snowflake similarly benefits from enterprises' growing need for structured data infrastructure to power AI applications.
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