I wonder what kind of contract they went with.
reuters.com/…/reddit-ai-content-licensing-deal-wi…
The contract with Alphabet-owned Google is worth about $60 million per year, according to one of the sources.
SAN FRANCISCO, Feb 21 (Reuters) - Social media platform Reddit has struck a deal with Google (GOOGL.O) , opens new tab to make its content available for training the search engine giant’s artificial intelligence models, three people familiar with the matter said.
The contract with Alphabet-owned Google is worth about $60 million per year, according to one of the sources.
For perspective:
cbsnews.com/…/google-reddit-60-million-deal-ai-tr…
In documents filed with the Securities and Exchange Commission, Reddit said it reported net income of $18.5 million — its first profit in two years — in the October-December quarter on revenue of $249.8 million.
Given that Reddit granting exclusive indexing to Google happened at about the same time, I would assume that that deal includes that, but maybe it’s separate.
MeatsOfRage@lemmy.world 3 months ago
Around here we love the idea of Reddit being totally devoid of life but the fact is it’s still one of the most active public facing sites on the web. The attrition to sites like Lemmy pretty negligible to the overall Reddit activity and bot AI activity only really affects the largest subreddits which have always been a bit spammy and click batey. The medium and small subreddits are still full of active people.
Additionally, exclusivity with Google isn’t necessary just to keep the search results but to prevent their biggest AI competition ChatGPT and their ties to Microsoft from getting access to what is the Internet’s largest database of public facing conversation.