Technology

59569 readers

4136 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

[–] SuperSynthia@lemmy.world 11 points 9 months ago (2 children)

I just wish these platforms wouldn’t attract people like that. I get he is after a life changing amount of money no doubt, but 600k is a comfortable living by any metric.

Thank goodness for this decentralized stuff now. Communities are important, especially for the marginalized in society. There is a potential good in social technology without jerks with ad budgets and AI delusions of grandeur

[–] SnotFlickerman@lemmy.blahaj.zone 13 points 9 months ago* (last edited 9 months ago)

I just wish these platforms wouldn’t attract people like that.

He was a Founder who left and came back. In all fairness, he was never attracted to it so much as he was instrumental in creating it.

The type of person he is is the type of person who created the platform to begin with...

Another example might be Jack Dorsey, who claimed that Elon Musk could be the only one to save Twitter.

In principle, I don’t believe anyone should own or run Twitter. It wants to be a public good at a protocol level, not a company. Solving for the problem of it being a company however, Elon is the singular solution I trust. I trust his mission to extend the light of consciousness.

These asshats are all alike. To get to the point where you can afford fleets of servers to create a service like this to begin with, you already were exploiting people and greasing palms. Other than Aaron Swartz, you should be pretty fucking skeptical of anyone who has been involved with Y Combinator.

[–] CosmicCleric@lemmy.world 5 points 9 months ago* (last edited 9 months ago)

get he is after a life changing amount of money no doubt, but 600k is a comfortable living by any metric.

Can't buy very many yachts on that salary. /s