279

Reddit Signs AI Content Licensing Deal Ahead of IPO (www.bloomberg.com)

submitted 9 months ago by L4s@lemmy.world to c/technology@lemmy.world

42 comments fedilink hide all child comments

Reddit Signs AI Content Licensing Deal Ahead of IPO::Reddit Inc. has signed a contract allowing a company to train its artificial intelligence models on the social media platform’s content, according to people familiar with the matter, as it nears the potential launch of its long-awaited initial public offering.

you are viewing a single comment's thread
view the rest of the comments

[-] General_Effort@lemmy.world 10 points 9 months ago

They say it's $60 million on an annualized basis. I wonder who'd pay that, given that you can probably scrape it for free.

Maybe it's the AI act in the EU. That might cause trouble in that regard. The US is seeing a lot of rent-seeker PR, too, of course. That might cause some to hedge their bets.

Maybe some people had not realized that yet, but limiting fair use does not just benefit the traditional media corporations but also the likes of Reddit, Facebook, Apple, etc. Making "robots.txt" legally binding would only benefit the tech companies.

this post was submitted on 17 Feb 2024

279 points (97.0% liked)

Technology

59654 readers

2732 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