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Reddit: 'We Are in the Early Stages of Monetizing Our User Base' (www.404media.co)

submitted 4 months ago by DolphinMath@slrpnk.net to c/technology@lemmy.world

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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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[–] DolphinMath@slrpnk.net 26 points 4 months ago* (last edited 4 months ago) (1 children)

404 Media – Bias and Credibility

Bias Rating: Left-Center

Factual Reporting: Mostly Factual

Country: USA

MBFC’s Country Freedom Rank: Mostly Free

Media Type: Website

Traffic/Popularity: Medium Traffic

MBFC Credibility Rating: High Credibility

About MediaBiasFactCheck.com

Methodology

[–] actionjbone@sh.itjust.works 17 points 4 months ago (1 children)

"Mostly free" my ass.

[–] nyan@lemmy.cafe 3 points 4 months ago (1 children)

Depends on how "free" is defined. The US isn't known for government meddling in what the media is allowed to publish, which is usually what people are talking about when "freedom of the press" comes up.

[–] actionjbone@sh.itjust.works 2 points 4 months ago

I agree, but the line is titled "country freedom rank." Not "media freedom rank." So the implication goes beyond what may be intended.