Reddit user content being sold to AI company in $60M/year deal::It’s being reported that a deal has been struck to allow an unnamed large AI company to use Reddit user…
That’s how little they got‽ Holy shit. That’s the steal of the fucking century for all that content. Reddit clearly puts the same stock in its negotiators as it does its 3rd party ecosystem. Anyone who values them more than maybe 2x this price for their IPO is a fucking idiot. Forget Trump’s Art of the Deal. spez needs to write a book.
femboy_bird@lemmy.blahaj.zone 8 months ago
“We need to closec the api in order to protect our users from being used for ai”
Nawor3565@lemmy.blahaj.zone 8 months ago
I mean, they never claimed it was to protect users. It was to protect their user’s data from being used without paying Reddit. They didn’t like that AI companies were using Reddit content as a free source of training data, they never gave a shit about their users’ privacy.
killeronthecorner@lemmy.world 8 months ago
This is also slightly off. It was primarily to eliminate third party apps from the existing landscape. Reddit want money from users in one of two ways:
The case around AI does exist, but it was smoke and mirrors for Reddit pulling the same nonsense that Twitter did once they realized they might get away with it, regardless of the short term damage it would do to their public image.
RedEyeFlightControl@lemmy.world 8 months ago
It was more like “We need to closec the api in order to protect our profits from the use of your data”