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.

  • rottingleafEnglish
    140·
    8 months ago

    Remember when Reddit had a daily donation goal to cover “site maintenance costs?”

    Remember those paid rewards too, under which it was written that they are, eh, the monetization.

    • RiskEnglish
      60·
      8 months ago

      You mean the paid awards in September they just got rid of because Fuck Users?

      • RaiEnglish
        60·
        8 months ago

        Paid awards were always bullshit also

          • RaiEnglish
            30·
            8 months ago

            How are they NOT?! Paying Reddit money to have someone go EDIT THANKS 4 DA AWARD KIND STRANGER is stupid, and it caused every thread to be clogged with asinine comments like “I WISH I CUD GIV U A WARD!”

            I don’t know if you were there before gold existed, but it was a lot more like… Lemmy. None of that twaddle.

            • RiskEnglish
              20·
              8 months ago

              I think you’re overstating the significance of those edits and comments.

              • RaiEnglish
                11·
                8 months ago

                You’re underestimating my annoyance at all of that garbage hahaha

      • rottingleafEnglish
        40·
        8 months ago8 months ago

        Anyway, it was a bad place. I’ve seen it being interesting somewhere in 2019, after that always worse and worse.

        Fuck users or not, not sure whether they could really control that descent, even if they tried.