Posted 2/23/2024, 5:13:04 PM
Reddit Taps AI Data Licensing as Revenue Stream Ahead of IPO, Calls Out Unauthorized Use
- Reddit will bring in $203M over 3 years by licensing its data to AI companies like Google for training large language models
- Reddit calls out companies that have used its data without a license to train commercial AI models
- Reddit acknowledges some companies may still use its data without a license due to its open nature
- Reddit sees data licensing as a revenue opportunity but also views AI models like ChatGPT as competition
- Reddit filed for IPO in late 2021 and plans to go public next month, offering shares to top users and moderators