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Reddit: 'We Are in the Early Stages of Monetizing Our User Base'

3 years ago by DolphinMath to c/technology

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Reddit's filing with the SEC makes clear that training AI with user posts is a core part of Reddit's new business model.

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.

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Dariusmiles2123 111 points 3 years 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.

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path: 0 7819389, hotness: undefined, score: 111, children: 7
finalarbiter 72 points 3 years 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

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path: 0 7819389 7820302, hotness: undefined, score: 72, children: 6
Corkyskog 29 points 3 years 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.

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path: 0 7819389 7820302 7823782, hotness: undefined, score: 29, children: 4
Hadriscus 19 points 3 years ago

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

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path: 0 7819389 7820302 7823782 7825006, hotness: undefined, score: 19, children: 3
june 15 points 3 years ago

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

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path: 0 7819389 7820302 7829688, hotness: undefined, score: 15, children: 0
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