Have you ever posted or left a comment on Reddit? Their words will soon be used to train ai company models, according to ai-content-licensing-deal-ahead-of-ipo?sref=10lNAhZ9″ rel=”nofollow noopener” target=”_blank” data-ylk=”slk:Bloomberg;cpos:1;pos:1;elm:context_link;itc:0;sec:content-canvas” class=”link “>Bloomberg. The website signed a deal “worth about $60 million on an annualized basis” earlier this year, potential investors were told ahead of its expected initial public offering (IPO). Bloomberg He didn't name the “big ai company” that is paying Reddit millions for access to its content, but their deal could apparently serve as a template for future contracts, which could mean more multimillion-dollar deals for the company.
Reddit first announced that it was going to start charging companies for API access in April of last year. He said at the time that prices would be divided into tiers so that even the smallest customers could afford to pay. Companies need that API access so they can train their chatbots on posts and comments (many of which have been written by real people over the past 18 years) from subreddits on a wide variety of topics. However, other developers also use that API, including those who provide users with third-party clients that are arguably better than the official Reddit app. Thousands of communities closed last year in protest and even caused stability issues that affected the entire website.
Reddit could go public next month with a valuation of $5 billion. As Bloomberg As he points out, the website could convince investors who are still on the fence to take the leap by showing them that you can make a lot of money and increase your income through deals with artificial intelligence companies. After all, the companies behind generative ai technologies are working to update their large language models or LLMs through various partnerships. OpenAI, for example, has already signed an agreement that would give it the right to use Business Insider and political articles to train your ai models. He is also in talks with several publishers, including cnn, Fox Corporation and Time, Bloomberg says.
However, OpenAI faces several lawsuits accusing it of using content without the express permission of copyright holders, including one filed by The New York Times in December. The ai company previously told Engadget that the lawsuit was unexpected because it had “productive conversations” underway with the publication for a “high-value partnership.”
