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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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[–] altima_neo@lemmy.zip 1 points 9 months ago (1 children)

Reddit has a ton more content though.

Lemmy just has a lot of vintage memes

[–] themurphy@lemmy.world 1 points 9 months ago

Agreed.

But it's just a little hypocritical to not use reddit because of this, if it turns out it's much worse to use Lemmy in this regard.