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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] 1 points 8 months ago

Investors seem to be some of the most powerful and yet fucking stupidest people alive.