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.

  • finalarbiter@lemmy.worldEnglish
    38·
    9 months ago

    Ditto. I left during the api stuff, but left my account in case they calmed down and realized it was stupid. The whole ‘selling data for ai training’ and actually filing for an ipo is what actually drove me to delete my 15 year old account today

    • Corkyskog@sh.itjust.worksEnglish
      16·
      9 months ago

      Eh, deleting accounts does little. I am just going to sell my old accounts to spammers/bots after IPO. They all are old and have no emails attached yet.

        • Corkyskog@sh.itjust.worksEnglish
          1·
          9 months ago

          During the API thing 8+ year old accounts were selling for $20 to $100 on eBay. But eBay is probably a bad place to sell if you want a quick sale, there are websites dedicated to buying and selling social accounts.

          I havent checked current pricing, but if you have an account with no linked email, I wouldn’t take less than $25 for it.

    • june@lemmy.worldEnglish
      4·
      9 months ago

      I still have my porn account over there but barely used it for anything other than lurking porn. They can have it.