Reddit user content being sold to AI company in $60M/year deal::It’s being reported that a deal has been struck to allow an unnamed large AI company to use Reddit user…
Reddit user content being sold to AI company in $60M/year deal::It’s being reported that a deal has been struck to allow an unnamed large AI company to use Reddit user…
That’s how little they got‽ Holy shit. That’s the steal of the fucking century for all that content. Reddit clearly puts the same stock in its negotiators as it does its 3rd party ecosystem. Anyone who values them more than maybe 2x this price for their IPO is a fucking idiot. Forget Trump’s Art of the Deal. spez needs to write a book.
I appreciate your use of the interrobang
I have a replacement action set up to change a ? and a ! to ‽. I use it at least once a week!
Great‽ ;)
Considering that the data has almost certainly been scraped already, that might have been the best that they could get for it. Or else the companies might just get it from their archives/training sets for free, like they did before.
To be fair, most of the content is written by AI’s, so it’s AI training AI
Getting access to the massive backlog of user data over the last 15 years for a mere 60 million. I’m glad reddit shot themselves in the foot, I’d go delete my user data from reddit, but im sure they’ll be crawling the backups as well.
Any AI company who buys more then a year is dumb.
Unless they’re leasing the information every year, which would essentially make their ai dependent on the data, but that data is probably the best source to use on the internet. Also, without continuously using the most current comments and posts, the ai model won’t be able to give any info about current events topics and such.
Pay $60m, back it up and scrape new content.