Huge support from Reddit to the artificial intelligence industry

This move artificial intelligence It is seen as an important step towards increasing the role of technologies in content production. Reddit’in How this strategic decision will shape the user experience and its effects on the digital content ecosystem continues to be a matter of curiosity.

Reddit’s artificial intelligence The multimillion-dollar content licensing agreement signed with an artificial intelligence company to use its content to train its models is a remarkable development in the technology world. According to Bloomberg, the deal is valued at around $60 million annually and was announced to potential investors ahead of Reddit’s expected IPO. It is stated that the agreement could open the door to more million-dollar contracts in the future for Reddit.

Reddit last year Nisan It announced in 2019 that it would start charging companies for API access. In this announcement, pricing It was stated that it would be separated into different layers and thus smaller customers would be able to make payments.

Huge support from Reddit to the artificial intelligence industry

companies, on subreddits on posts and comments chatbots It needs this API access to train. However, this API is also used by other developers who offer users third-party clients that are considered better than Reddit’s official app. Thousands of communities closed in protest last year, causing issues that affected the stability of the entire website.

Reddit, $5 billion It may go public next month with a valuation. According to Bloomberg, the website may convince investors who are still hesitant by showing that it can make big money and increase its revenue through deals with artificial intelligence companies. Companies behind creative AI technologies are working to update large language models, or LLMs, through various partnerships. For example, OpenAI Business Insider and Politico have already published their articles on artificial intelligence models.
teach signed an agreement granting the right to use it. Moreover, CNN, Fox Corp
and is reportedly in talks with several publishers, including Time.

OpenAI, It faces several lawsuits alleging that content was used without the express permission of copyright holders, one of which was filed by The New York Times in December. AI company before Engadget’a, He said he had been in “productive discussions” with the publication for a “high-value partnership” and that the lawsuit was therefore unexpected.