this post was submitted on 17 Feb 2024
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279
Reddit Signs AI Content Licensing Deal Ahead of IPO (www.bloomberg.com)
submitted 7 months ago by [email protected] to c/[email protected]
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Reddit Signs AI Content Licensing Deal Ahead of IPO::Reddit Inc. has signed a contract allowing a company to train its artificial intelligence models on the social media platform’s content, according to people familiar with the matter, as it nears the potential launch of its long-awaited initial public offering.

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[–] [email protected] 6 points 7 months ago (1 children)

That is absolutely not the case. They stated a lot of different reasons, ranging from “these freeloading third party developers are making money off our hard work and should be paying” to “we’ve been doing this for free and it costs us a lot of money.”

What you’re thinking of, is the fact that everyone was well aware of the truth, and the fact that they were just butt hurt about the fact that AI was being trained on the data and they didn’t get a cut.

So they did the same thing, and just fucked everyone over.