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Reddit Signs AI Content Licensing Deal Ahead of IPO (www.bloomberg.com)

submitted 7 months ago by L4s@lemmy.world to c/technology@lemmy.world

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Reddit Signs AI Content Licensing Deal Ahead of IPO::Reddit Inc. has signed a contract allowing a company to train its artificial intelligence models on the social media platform’s content, according to people familiar with the matter, as it nears the potential launch of its long-awaited initial public offering.

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[–] General_Effort@lemmy.world 10 points 7 months ago

They say it's $60 million on an annualized basis. I wonder who'd pay that, given that you can probably scrape it for free.

Maybe it's the AI act in the EU. That might cause trouble in that regard. The US is seeing a lot of rent-seeker PR, too, of course. That might cause some to hedge their bets.

Maybe some people had not realized that yet, but limiting fair use does not just benefit the traditional media corporations but also the likes of Reddit, Facebook, Apple, etc. Making "robots.txt" legally binding would only benefit the tech companies.