Reports have surfaced that Reddit, currently in the process of accelerating its IPO, has negotiated to sell rights to an external company to utilize its data for AI training. The deal, estimated at around $60 million annually, involves an undisclosed AI company, and negotiations are ongoing, suggesting potential changes.
However, Reddit’s actions may stir up conflict with its user community once again. Previously, Reddit adjusted its API usage terms, requiring payment for access to large amounts of data, especially for AI training. This move has led to multiple popular third-party clients shutting down. It remains to be seen how the user community will react to these developments.
Source: AI News
TLDR: Reddit is in talks to sell data rights for AI training, potentially causing conflict with users due to recent API usage changes resulting in popular third-party clients shutting down.
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