Reddit's filing with the SEC makes clear that training AI with user posts is a core part of Reddit's new business model.

Reddit said in a filing to the Securities and Exchange Commission that its users’ posts are “a valuable source of conversation data and knowledge” that has been and will continue to be an important mechanism for training AI and large language models. The filing also states that the company believes “we are in the early stages of monetizing our user base,” and proceeds to say that it will continue to sell users’ content to companies that want to train LLMs and that it will also begin “increased use of artificial intelligence in our advertising solutions.”

The long-awaited S-1 filing reveals much of what Reddit users knew and feared: That many of the changes the company has made over the last year in the leadup to an IPO are focused on exerting control over the site, sanitizing parts of the platform, and monetizing user data.

Posting here because of the privacy implications of all this, but I wonder if at some point there should be an “Enshittification” community :-)

  • Uglyhead@lemmy.worldEnglish
    14·
    9 months ago

    “Pay-Per-Click”, is all this is when you break it down to its basest.

    Narwhal developers have come out and said that they have to pay beforehand for clicks to the API—- what absolute bullshit Reddit and Spez are bringing to the trough. Spez killed reddit—- calling it now; a slow painful lingering shitty death.

    People will not put up with it once they know what is really going on.

    Let em know. “Pay-Per-Click” will not stand.