Which will probably last for about one year, long enough to boost IPO valuations, then openAI (we all know who’s buying it) will cancel their contract because it’s too expensive and Reddit does not actually generate enough unique content yearly to be worth continuously training on. Then the death spiral happens again.
Reddit sells training data to unnamed AI company ahead of IPO
Submitted 8 months ago by VITecNet@programming.dev to technology@lemmy.world
Comments
empireOfLove2@lemmy.dbzer0.com 8 months ago
kamenlady@lemmy.world 8 months ago
Fuckin’ Spez will squeeze Reddit until the head pops. The only thing meticulously planned, is the flow of money to his accounts. The fastest flow.
foggy@lemmy.world 8 months ago
Really trying to meddle an elections like it’s 2016
pop@lemmy.ml 8 months ago
Good. Get a good taste your own medicine.
It’s time how people in the US felt foreign entities meddling with their elections for a change, huh?
grabs popcorn
SeedyOne@lemm.ee 8 months ago
You’re naive to think it’s just starting now.
Hubi@feddit.de 8 months ago
It’s been happening for the better part of a decade though. And started probably much earlier than that, just not as blatant.
FaceDeer@kbin.social 8 months ago
I don't see anything in the article related to elections.
ArbiterXero@lemmy.world 8 months ago
No, But there’s BIG money in AI astroturfing for elections.
PizzaFacia@lemmy.world 8 months ago
$60mm a year seems really cheap, no? I know its shit data from the bot posters but still would think it would be like $100-150mm
potatopotato@sh.itjust.works 8 months ago
Honestly it’s probably the best search dataset in existence right now. You can make Google suck far less by appending “reddit” to most searches because you’ll get results from a group consisting of a higher ratio of actual humans instead of bots.
Whoever bought this got a fucking bargain.
millifoo@lemmy.world 8 months ago
I spent a chunk of this afternoon nuking my old reddit posts. Thousands and thousands of posts… thank goodness for shreddit.
NightAuthor@lemmy.world 8 months ago
Most tools miss a ton bc of the limitations of the website and api. The best, pretty much only, way to get everything is to get an export of your data, then use that csv to delete all items one by one
x4740N@lemmy.world 8 months ago
Does shreddit have the ability to exclude certain subreddits because I want to exclude my comments on one subreddot but overwrite the rest of them
Hubi@feddit.de 8 months ago
Yup, shreddit has the ability to use the csv from the data request. Took me about 24 hours to edit and erase the 20.000+ comments I made over the last 10 years.
WallEx@feddit.de 8 months ago
I did that before they went through with their api bullshit, I’m so happy, it was fully automated. Just typed in the replacement massege and that’s it
Sneptaur@pawb.social 8 months ago
Very glad I overwrote all of my comments with random words before deleting my account. They won’t be profiting off of me anymore.
FaceDeer@kbin.social 8 months ago
Instead you're posting to the Fediverse, which is even more open for use by third parties.
residentmarchant@lemmy.world 8 months ago
Yea, but it’ll be open forever, nobody can turn off an app overnight and profit from it.
autotldr@lemmings.world [bot] 8 months ago
This is the best summary I could come up with:
On Friday, Bloomberg reported that Reddit has signed a contract allowing an unnamed AI company to train its models on the site’s content, according to people familiar with the matter.
The move comes as the social media platform nears the introduction of its initial public offering (IPO), which could happen as soon as next month.
Reddit initially revealed the deal, which is reported to be worth $60 million a year, earlier in 2024 to potential investors of an anticipated IPO, Bloomberg said.
In April 2023, Reddit founder and CEO Steve Huffman told The New York Times that it planned to charge AI companies for access to its almost two decades’ worth of human-generated content.
If the reported $60 million/year deal goes through, it’s quite possible that if you’ve ever posted on Reddit, some of that material may be used to train the next generation of AI models that create text, still pictures, and video.
Even without the deal, experts have discovered in the past that Reddit has been a key source of training data for large language models and AI image generators.
The original article contains 379 words, the summary contains 182 words. Saved 52%. I’m a bot and I’m open source!
humanbroadcast@lemmy.world 8 months ago
Companies are in the fuck-around phase, and we’ll all have to live in the find-out era.
thesystemisdown@lemmy.world 8 months ago
Meanwhile, the masses are still using all the ‘services’ because they all have momentum. I’m not confident any of them can do anything bad enough to chase off their users.
wise_pancake@lemmy.ca 8 months ago
I thought Facebook would die with all the scandals, I’m the only person in my life who cared. I deleted Twitter before it became X, I’m the only one I know who did that.
I don’t think anyone gives a shit and it’s made me hate people a lot more than I used to.
Imgonnatrythis@sh.itjust.works 8 months ago
I already left reddit because they did bad things. Assume you mean chase off a critical mass though? The fact that “X” is still a thing may prove you correct.
jmanes@lemmy.world 8 months ago
Yeah, they’re not leaving. The only way they would leave is if the service were to be physically shut down. Pretty sure you could make everyone watch 1 minute long ads on app open and they would still stay.
givesomefucks@lemmy.world 8 months ago
For now.
I’m old as shit, I’ve seen an uncountable amount of “social media” come and go. At it’s heart reddit is just a forum. They’ve tacked on a lot of modern shit, but so do most of them when they’re running out of steam.
It’s a war of attrition now. People will leave in batches overtime until it just kinda ends, or not. Myspace is still shuffling around here somewhere.
johnwilker@lemmy.world 8 months ago
100%. In a writing sub I threw out. “I wish they’d just charge us, users a fee.”
I got “Pay for this?!”
Folks live and die on Reddit but the idea of paying is… gross. Yet they scream about moves like this.
People, man… I dunno.