Google has struck a deal with Reddit valued at roughly $60 million, giving the search giant access to Reddit’s corpus of human-written posts for training its AI models and improving services like Google Search. The arrangement, announced Thursday, also grants Reddit access to Google’s AI models to enhance its internal site search and other features.

The deal comes as Reddit prepares its initial public offering, having filed documents with the SEC on Wednesday. The company reported net income of $18.5 million in the fourth quarter, its first profit in two years, on revenue of $249.8 million. Reddit aims to list on the New York Stock Exchange under the ticker RDDT.

Google emphasized that the primary goal is to surface Reddit content more prominently in Google products, such as product recommendations and travel advice, rather than training AI. However, the data-sharing arrangement is significant for Google’s AI ambitions, which require vast amounts of human-written material. It also sets a precedent for how tech companies obtain data for AI models, even from publicly available content, as lawsuits over copyright and AI training continue in federal court.

Reactions from Reddit’s volunteer moderators are muted for now, but many remember the site-wide blackouts last year when Reddit announced plans to charge third-party apps for API access. The deal does not change how Reddit functions, according to an individual familiar with the matter, who spoke on condition of anonymity during the SEC-mandated quiet period before the IPO.