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!
Companies are in the fuck-around phase, and we’ll all have to live in the find-out era.
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.
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.
Huge amounts of people have already left X. Those that remain are mostly bots and neo Nazis.
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.
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.
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.
Really trying to meddle an elections like it’s 2016
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
I spent a chunk of this afternoon nuking my old reddit posts. Thousands and thousands of posts… thank goodness for shreddit.
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
I didn’t know about this. I just went into it.
edit: lol you have to pay for Shreddit. Nevermind, I don’t care about deleting my posts that much.
