Reddit’s advertising revenue grew to $315.1 million, while “other” revenue reached $33.2 million on account of “data licensing agreements signed earlier this year.” Both Google and OpenAI have cut deals with Reddit to train their AI models on its posts.

In a letter to shareholders, Reddit CEO Steve Huffman attributed the recent increase in users to the platform’s AI-powered translation feature. Reddit started letting users translate posts into French last year before expanding to Spanish, Portuguese, Italian, and German. Now, Huffman says Reddit plans to expand translation to over 30 countries through 2025.

  • Lvxferre@mander.xyz
    link
    fedilink
    arrow-up
    7
    ·
    16 hours ago

    I think that most users there are still human beings, but botting has become a big enough problem that the platform can’t be seen as a place for genuine content any more.

    • FartsWithAnAccent@fedia.io
      link
      fedilink
      arrow-up
      2
      ·
      1 hour ago

      I am becoming increasingly skeptical of that, repost bots run completely unchecked: The admins 100% do not give a shit and haven’t for a long time, pretty much always ignoring reports because it artificially inflates their numbers.