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Cake day: September 22nd, 2023

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  • SAN FRANCISCO, Feb 21 (Reuters) - Social media platform Reddit has struck a deal with Google to make its content available for training the search engine giant’s artificial intelligence models, three people familiar with the matter said.

    The contract with Alphabet-owned Google is worth about $60 million per year, according to one of the sources.

    The deal underscores how Reddit, which is preparing for a high-profile stock market launch, is seeking to generate new revenue amid fierce competition for advertising dollars from the likes of TikTok and Meta Platform’s Facebook.

    The sources were not authorized to speak to media and declined to be identified.

    Reddit and Google declined to comment. Bloomberg previously reported Reddit’s content deal without naming the buyer.

    Last year, Reddit said it would charge companies for access to its application programming interface (API) - the means by which it distributes its content. The agreement with Google is its first reported deal with a big AI company.

    San Francisco-based Reddit, which has been looking at a stock float for more than three years, is preparing to make its initial public offering filing this week, which would detail its financials for the first time to potential IPO investors. The filing could be available as early as Thursday, two of the sources said.

    The company, which was valued at about $10 billion in a funding round in 2021, is seeking to sell about 10% of its shares in the offering, Reuters has previously reported.

    Reddit’s stock market launch would mark the first IPO of a major social media company since Pinterest floated its shares in 2019.

    Makers of AI models have been busy clinching deals with content owners in recent months, aiming to diversify their training data beyond large scrapes of the internet. That practice is rife with potential copyright issues as many content creators have alleged that their content was used without permission.

    Founded in 2005 by web developer Steve Huffman and entrepreneur Alexis Ohanian, Reddit is known for its manifold niche discussion groups, some of which boast tens of millions of members.

    Reporting by Anna Tong in San Francisco, Echo Wang in New York and Martin Coulter in London; Additional reporting by Jeffrey Dastin; Editing by Anirban Sen, Krystal Hu and Edwina Gibbs










  • My reply was purely to get to the accurate information versus your reply which says that they are “collecting data from their search engine not the browser” as it’s important that people reading know what’s actually going on.

    I’m not here to argue about whether they should or should not do that and I’m not going to (and when I used Brave I consciously went into the menu to opt into this to improve their search engine so we could have a competitor).







  • I remember this system. I had to apply to do it after my account was old enough, then they’d give me a little bit to rate at first. Then IIRC they gave me more to rate after it was clear I wasn’t abusing it.

    They had a guideline page I had to read before I started to rate comments and I don’t think those attributes were optional. So, comments got a primary attribute associated with their rating.

    I wasn’t able to rate comments that I saw as I browsed but rather it was a collective rating system where volunteers were served comments (with expandable context) to curb the tendency to downvote just because you disagree with something.

    At the height of Slashdot the discussions on there were incredibly educational and thoughtful and that rating system worked very well.