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Reddit signs $60M content licensing deal with AI company

reuters.com

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Re: Reddit signs $60M content licensing deal with AI company

#61

Post by chollida1 »

FireBeyond wrote: post #57
chollida1 wrote: post #54

Earlier quoted context omitted.

>> no redditor expects to see a dime when they participate on the site and the site makes money form it. > Plenty of Redditors would disagree with you, and I'm not sure why you're acting like this is obvious. If I hadn't already deleted all my content and left because of the last debacle, I would be doing so for this. Really? Ok, let's say reddit only sold adds for revenue. What percentage of redditors do you think w…

The only similarity there is revenue. Ads are for consumption by Reddit users, and is an expected, if not liked, mechanism. That you can pay to opt out of. People wrote content that they expected to be content on Reddit. Not to be later able to pick up a book (after buying it) and read their own words, that Reddit sold and made additional money off of (because they're still doing the ads, of course).

Appreciate the response, its clear you've given it a bit of though.

I guess we simply disagree. Given that there is no right or wrong and only opinions, then I guess we're at the end of the line.

Re: Reddit signs $60M content licensing deal with AI company

#62

Post by isthatafact »

34679 wrote: post #7

Reddit's MO is snark and sarcasm. It's hard for me to imagine a scenario where a LLM trained on reddit would be useful for anything serious. How do they propose to seperate fact from fiction?

I am really hoping someone makes an AI version of reddit where each user can easily control and adjust the type of posts and interactions they experience.

Just imagine how great reddit would be if not for the other users, the moderators, the admins, and the CEO.

Re: Reddit signs $60M content licensing deal with AI company

#63

Post by [deleted] »

blindriver wrote: post #23

This is exactly my point for many years now. Reddit exists because of the free work of the various subreddit communities and their moderators. And in return they get nothing. But the company, the investors and employees will all become rich off of it. It’s weird how no one cares that Reddit isn’t trickling down anything to the people that make the site a success.

[deleted]

Re: Reddit signs $60M content licensing deal with AI company

#64

Post by yanderekko »

FireBeyond wrote: post #51
chollida1 wrote: post #29

Earlier quoted context omitted.

Every year, I pay to play hockey. I pay for new equipment, jerseys, referees and ice time. And the arena gets paid by selling food to people who come to my games, sell advertising on the boards, beer to fans. What do I get and why is none of this money trickling down to me? Clearly I get the enjoyment of being Canadian and playing hockey. Reditors are no different. None of them were tricked, they participate on the s…

Agreeing to write content for free to participate in a community is one thing. How many Reddit users knew they were agreeing in the future for Reddit to sell the content they wrote to make money for Reddit, not them? > no redditor expects to see a dime when they participate on the site and the site makes money form it. Plenty of Redditors would disagree with you, and I'm not sure why you're acting like this is obviou…

>How many Reddit users knew they were agreeing in the future for Reddit to sell the content they wrote to make money for Reddit, not them?

Despite my low opinion of Redditors, I believe that on some level they are aware of the principle that if the product is free, then you are the product.

If you presented the regular users with the choice between "pay a subscription fee and opt out or let us use your data in these ways", the vast majority will end up choosing the latter and we all know it.

Re: Reddit signs $60M content licensing deal with AI company

#66

Post by selivanovp »

Reddit became a weird place in recent months. Rampant propaganda wars in most subreddits, recommending system pushing ridiculous stories to front page feed from subreddits I've never visited before. Even the niche technical subreddits I used to enjoy becoming a battlefield regularly.

Re: Reddit signs $60M content licensing deal with AI company

#67

Post by jtriangle »

GRISELDA wrote: post #60
jtriangle wrote: post #43

Earlier quoted context omitted.

I did the same, but, it seems reddit has some capability to restore posts anyway, as I keep finding original posts of mine via google while my logged in profile remains blank... It's to the point where I search for them every few weeks and take time to edit and delete them manually, after which they seem to stay gone. My best guess is that they can detect mass deletion and have some sort of automation that restores p…

Hacker News users love to act like they are the most intelligent people on the internet but in reality they have no idea what they are talking about if it isn't about some obscure programming language. There is no conspiracy to restore deleted comments lol. You can only retrieve 1000 items with Reddit's API so when you use Shreddit to delete your posts only 1000 are deleted. Everything else before that remains untouc…

You misunderstand, likely because you were too excited to be snarky.

My reddit profile was empty, I'm aware of the api limitations, I read the readme.md, shreddit ran on a loop for 24 hours, each time pulling 1000 posts, editing, and deleting them. My profile is still empty, and currently my google results are empty, but in another few weeks some will pop up again, but still won't show in my reddit profile.

Clear enough for you?

Re: Reddit signs $60M content licensing deal with AI company

#68

Post by antisthenes »

CamelCaseName wrote: post #38

> worth $60 million on an annualized basis Reddit is pulling out all the stops for their upcoming IPO and it still amounts to nearly nothing. Bringing back r/place to juice user count, killing the API, destroying their mobile site, and that's just the start. That's why they are only planning a "very small float", there's simply no interest. It seems even at just $5 billion, the valuation is too rich.

I'm actually curious if Reddit's going to be the first successful example of monetizing what is essentially a community into an IPO fast enough before normies get on it and start flooding it with their low-effort takes and celebrity gossip drivel.

I know this is possible to do by other communities like paid forums (SomethingAwful), or grow into an adjacent e-commerce supported community (e.g. bodybuilding forums), but is it possible to do it on Reddit's scale? We'll see.

I have no horse in the race either way, most of my posts on there are from the Reddit vs Digg era, so I'm not really invested.

Re: Reddit signs $60M content licensing deal with AI company

#69

Post by GRISELDA »

jtriangle wrote: post #67
GRISELDA wrote: post #60

Earlier quoted context omitted.

Hacker News users love to act like they are the most intelligent people on the internet but in reality they have no idea what they are talking about if it isn't about some obscure programming language. There is no conspiracy to restore deleted comments lol. You can only retrieve 1000 items with Reddit's API so when you use Shreddit to delete your posts only 1000 are deleted. Everything else before that remains untouc…

You misunderstand, likely because you were too excited to be snarky. My reddit profile was empty, I'm aware of the api limitations, I read the readme.md, shreddit ran on a loop for 24 hours, each time pulling 1000 posts, editing, and deleting them. My profile is still empty, and currently my google results are empty, but in another few weeks some will pop up again, but still won't show in my reddit profile. Clear eno…

Leaving it running for 24 hours does nothing lol. Once you make over 1000 comments you cannot access the older comments through the API. If you have made 2000 comments and delete 1000 the older 1000 will not show up on your profile. I have no idea how else to explain this.

Re: Reddit signs $60M content licensing deal with AI company

#70

Post by miohtama »

SAI_Peregrinus wrote: post #58
leobg wrote: post #17

How can they license something that they didn’t author? Yes, they have TOS. But training generative AI wasn’t something that existed when ~99% of Reddit’s content was created, hence users could not possibly have consented to it. Besides, at least in Germany, TOS cannot contain regulations that are “surprising” or “unexpected”. Using my content to serve ads is one thing I might expect. But licensing it out for a fee t…

> When Your Content is created with or submitted to the Services, you grant us a worldwide, royalty-free, perpetual, irrevocable, non-exclusive, transferable, and sublicensable license to use, copy, modify, adapt, prepare derivative works of, distribute, store, perform, and display Your Content and any name, username, voice, or likeness provided in connection with Your Content in all media formats and channels now kn…

This is (hopefully) the major difference between web 2.0 and Web3. In the latter, the goal is to build services where you actually own your content.

Remains to see if this actually can happen.

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