Reddit reportedly signed a $ 60 million deal with Google to allow its online communities to be scraped for AI training data point , according toReutersThursday . Google will sift through million of post on Reddit , and school a large language model on Reddit ’s threads . The depicted object pot was originally reported byBloombergbut did not place the “ enceinte AI company ” receive the data .
Reddit is reportedlyweighing an IPO with a $ 5 billion valuation , despite only bringing in $ 800 million in gross last class . Reddit is not profitable but has a rich valuation because its online community offer a perfect preparation priming for AI models . However , certify out your exploiter stand ’s thoughts and ideas is not always reciprocated well . Themost democratic subreddits went dark in protest last yearafter exploiter take issue with the companycharging for memory access to its software programing user interface ( API ) , first annunciate in April of 2023 .
Reddit ’s reported deal with Google is exactly what the platform has been looking for . Big Tech is athirst for information , and that has turned legacy news organization , residential area forums , andeven the University of Michiganinto mere mental object farm . These pile , though upsetting to users , offer Reddit a track to profitability .
Photo: Jaap Arriens/NurPhoto (Getty Images)
“ The Reddit principal of data is really valuable , ” said Reddit chief executive officer Steve Huffman toThe New York Timesin April . “ But we do n’t need to give all of that value to some of the expectant company in the existence for liberal . ”
But when Reddit started charge for API entree , it did n’t just charge big companies , it also begin file small , independent investigator . This fracture made it more unmanageable for Reddit ’s moderator to do their communities , and some argued it made for a worse experience forReddit ’s 800 million monthly alive user .
“ We think that the seniority and succeeder of this political program remainder on preserving the rich ecosystem that has developed around it , ” sound out Reddit moderators in acollective letterfrom last June . “ The possible loss of these table service due to the pricing modification would significantly impact our power to tone down expeditiously , thus negatively bear upon the experience for users in our communities . ”
Reddit did not immediately react to Gizmodo ’s request for comment .
Apple wasexploring $ 50 million AI dealswith The New York Times , Condé Nast , and other news show publishers in December . Shutterstock is alsolicensing its man - made cognitive content to OpenAIfor training on its models . Twitter , Instagram , and YouTube have also become more and more valuable in late years , as they ’re now seen as content gold mines .
The platform also introduce advertising in recent days and made itimpossible for users to choose out of insure advertizer depicted object in 2023 . As Reddit becomes a public society , there ’s a rise concern from user that management will ache the thriving community meeting place it has build .
There ’s also a bigger care about how AI companies are licensing data . Content platforms are sign million - dollar licensing agreements with AI companies , but the actual the great unwashed who created this content are n’t getting a thing . Meanwhile , AI threatensto replace mental object creatorsin the column , graphical conception , and film industries .
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