this post was submitted on 23 Feb 2024
610 points (96.8% liked)

Technology

55973 readers
3227 users here now

This is a most excellent place for technology news and articles.

Our Rules

  1. Follow the lemmy.world rules.
  2. Only tech related content.
  3. Be excellent to each another!
  4. Mod approved content bots can post up to 10 articles per day.
  5. Threads asking for personal tech support may be deleted.
  6. Politics threads may be removed.
  7. No memes allowed as posts, OK to post as comments.
  8. Only approved bots from the list below, to ask if your bot can be added please contact us.
  9. Check for duplicates before posting, duplicates may be removed

Approved Bots

founded 1 year ago
MODERATORS
L3s@lemmy.world
enu@lemm.ee
fry@fry.gs
L3s@fry.gs
enu@lemmy.world
L4s@fry.gs
L4s@lemmy.world
610
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
104 comments fedilink hide all child comments
 

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.

you are viewing a single comment's thread
view the rest of the comments
[–] rottingleaf@lemmy.zip 14 points 4 months ago (1 children)

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.

[–] Risk@feddit.uk 6 points 4 months ago (2 children)

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

[–] Rai@lemmy.dbzer0.com 6 points 4 months ago (1 children)

Paid awards were always bullshit also

[–] Risk@feddit.uk 3 points 4 months ago (1 children)

How so?

[–] Rai@lemmy.dbzer0.com 3 points 4 months ago (1 children)

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.

[–] Risk@feddit.uk 2 points 4 months ago (1 children)

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

[–] Rai@lemmy.dbzer0.com 0 points 4 months ago

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

[–] rottingleaf@lemmy.zip 4 points 4 months ago* (last edited 4 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.