this post was submitted on 23 Feb 2024
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Reddit: 'We Are in the Early Stages of Monetizing Our User Base' (www.404media.co)
submitted 8 months ago by [email protected] to c/[email protected]
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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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[–] [email protected] 10 points 8 months ago (10 children)

Question: Wouldn't Lemmy instances easy be able to this without many users knowing?

And would they also be able to sell data from other instances, because they can load data from federated instances?

[–] [email protected] 1 points 8 months ago

Yeah. Guess some AI companies may have set up an instance already. They won't even have a rate limit or anything on their own instances.

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