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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

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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.

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[–] SnotFlickerman@lemmy.blahaj.zone 295 points 9 months ago* (last edited 9 months ago) (33 children)

Remember when Reddit had a daily donation goal to cover "site maintenance costs?"

They already monetized their fucking users, they've had users straight handing them money for fucking years now (sometimes for basically nothing in return!), but that's never enough for these god damned vampires.

[–] rottingleaf@lemmy.zip 14 points 9 months ago (7 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 9 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 9 months ago (1 children)

Paid awards were always bullshit also

[–] Risk@feddit.uk 3 points 9 months ago (1 children)

How so?

[–] Rai@lemmy.dbzer0.com 3 points 9 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 9 months ago (1 children)

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

[–] Rai@lemmy.dbzer0.com 0 points 9 months ago

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

[–] rottingleaf@lemmy.zip 4 points 9 months ago* (last edited 9 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.

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