this post was submitted on 22 Feb 2024
60 points (87.5% liked)

Technology

59719 readers
2362 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]
60
Google cut a deal with Reddit for AI training data (www.theverge.com)
submitted 9 months ago by [email protected] to c/[email protected]
5 comments fedilink hide all child comments
 

User content, created for free by users, moderated for free by moderators, and now sold for 60 million dollars to Google.

top 5 comments
sorted by: hot top controversial new old
[–] [email protected] 3 points 9 months ago

Posted an hour earlier in this community.

https://lemmy.world/post/12277094

[–] ineffable 2 points 9 months ago

That really doesn't seem like much money. If Reddit is worth $10B, that is 0.6% ROI

[–] [email protected] 2 points 9 months ago

At least it is announced and not like “open”ai that is making billions from stolen data.

[–] [email protected] 1 points 9 months ago

This is the best summary I could come up with:

In an update on Thursday, Reddit announced it will start providing Google “more efficient ways to train models.”

The partnership will give Reddit access to Vertex AI as well, Google’s AI-powered service that’s supposed to help companies improve their search results.

Just last week, a report from Bloomberg said Reddit struck a $60 million training deal with an unnamed AI company.

Google Search is currently expanding the test of a “forums” filter that lets you browse through results from sites with human discussion, like Reddit, Stack Overflow, and Hacker News.

Reddit previously threatened to block Google from crawling its site over concerns that companies would use its data for free to train AI models.

Reddit is also poised to announce its initial public offering within the coming weeks, and it’s likely making this change as part of its effort to boost its valuation, which sat at more than $10 billion in 2021.

The original article contains 308 words, the summary contains 152 words. Saved 51%. I'm a bot and I'm open source!

[–] [email protected] 1 points 9 months ago

Lol they are getting fleeced. Altman was a big stock holder so you know openai had had everything they want