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.
If selling all the data is early stages, I want to know what late stage monetization looks like. Pay a fee to get unbanned? Fines if the post gets down voted?
Pay to Win Reddit with micro transaction cosmetics?
I’ve never bothered with them, but aren’t there already? Additional stuff for your personal avatar?
Reddit notes that it’s screwed if moderators decide they no longer want to do this free labor, and notes that last year the company’s decision to change its API policies caused many of them to do exactly that.
A lot of the good mods already walked back in July. Wonder what it’ll take for most of the rest to throw in the towel.
company exists for 19 years.
is still in the “early stages” of figuring out how to even make money.Yup, that is DEFINITELY a solid buy for institutional investors during the ipo!
figuring out how to even make money
Which, to be crystal clear, they have never accomplished
Paying pigboy 193M wasn’t a great first step.
I am not for sale
They’re not offering money. They just take the data from their creators and act like their entitled to it.
