Technology

59589 readers

2936 users here now

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

Our Rules

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

Approved Bots

founded 1 year ago

MODERATORS

611

Reddit: 'We Are in the Early Stages of Monetizing Our User Base' (www.404media.co)

submitted 9 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

[–] SlopppyEngineer@lemmy.world 86 points 9 months ago (4 children)

If selling all the data is early stages, I want to know what late stage monetization looks like. Pay a fee to get unbanned? Fines if the post gets down voted?

[–] uzay@infosec.pub 36 points 9 months ago (1 children)

Karma microtransactions

[–] skillissuer@discuss.tchncs.de 11 points 9 months ago

already done and with crypto at that

[–] Annoyed_Crabby@monyet.cc 26 points 9 months ago

Battle Pass maybe, since they already have subscription.

[–] SomeGuy69@lemmy.world 8 points 9 months ago

Pay to have your comment or post be on top obviously.

[–] T156@lemmy.world 8 points 9 months ago (1 children)

Pay to Win Reddit with micro transaction cosmetics?

[–] scorpionix@feddit.de 12 points 9 months ago (1 children)

I've never bothered with them, but aren't there already? Additional stuff for your personal avatar?

[–] SlopppyEngineer@lemmy.world 7 points 9 months ago

Yes. And with collectible avatar saved on a block chain if I recall correctly.