611
Reddit: 'We Are in the Early Stages of Monetizing Our User Base' (www.404media.co)
submitted 4 months ago by [email protected] to c/[email protected]
104 comments fedilink hide all child comments

Reddit said in a filing to the Securities and Exchange Commission that its users’ posts are “a valuable source of conversation data and knowledge” that has been and will continue to be an important mechanism for training AI and large language models. The filing also states that the company believes “we are in the early stages of monetizing our user base,” and proceeds to say that it will continue to sell users’ content to companies that want to train LLMs and that it will also begin “increased use of artificial intelligence in our advertising solutions.”

On Wednesday, Reuters reported that Reddit has entered a contract with Google, which will license its content for $60 million a year in order to train Google’s AI models.

you are viewing a single comment's thread
view the rest of the comments
[-] Dariusmiles2123 110 points 4 months ago

I wasn’t really against Reddit when I left to go on Lemmy. It was mostly to try something which is luving because of its users.

Now I’m glad I did.

[-] [email protected] 71 points 4 months ago

Ditto. I left during the api stuff, but left my account in case they calmed down and realized it was stupid. The whole 'selling data for ai training' and actually filing for an ipo is what actually drove me to delete my 15 year old account today

[-] Corkyskog 30 points 4 months ago

Eh, deleting accounts does little. I am just going to sell my old accounts to spammers/bots after IPO. They all are old and have no emails attached yet.

[-] [email protected] 19 points 4 months ago

Wait, I can make money with my old accounts ? who do I talk to ?

[-] Corkyskog 7 points 4 months ago

During the API thing 8+ year old accounts were selling for $20 to $100 on eBay. But eBay is probably a bad place to sell if you want a quick sale, there are websites dedicated to buying and selling social accounts.

I havent checked current pricing, but if you have an account with no linked email, I wouldn't take less than $25 for it.

[-] [email protected] 3 points 4 months ago

i saw tons of shills on superstonk gme what have yous. 5-10 year accounts with no post or any hisotry for say 2-3 years come in and start sowing all sorts of doubt and whining and fighting adn racist shit... thats my perspective

[-] [email protected] 1 points 4 months ago

Ah, but my accounts have a linked email. Thanks for the info anyway

[-] [email protected] 15 points 4 months ago

I still have my porn account over there but barely used it for anything other than lurking porn. They can have it.

this post was submitted on 23 Feb 2024
611 points (96.8% liked)

Technology

55960 readers
3090 users here now

This is a most excellent place for technology news and articles.

Our Rules

  1. Follow the lemmy.world rules.
  2. Only tech related content.
  3. Be excellent to each another!
  4. Mod approved content bots can post up to 10 articles per day.
  5. Threads asking for personal tech support may be deleted.
  6. Politics threads may be removed.
  7. No memes allowed as posts, OK to post as comments.
  8. Only approved bots from the list below, to ask if your bot can be added please contact us.
  9. Check for duplicates before posting, duplicates may be removed

Approved Bots

founded 1 year ago
MODERATORS
[email protected]
[email protected]
[email protected]
[email protected]
[email protected]
[email protected]
[email protected]