Reddit, the renowned platform for online discussions and communities, has come under the radar of the U.S. Federal Trade Commission (FTC) following its engagement in a significant AI content partnership. This investigation delves into Reddit’s practices regarding the sharing and utilization of user-generated content to enhance artificial intelligence models.
The partnership in question involves a notable agreement with Alphabet’s Google, with reports suggesting a substantial annual contract amounting to around $60 million. Google’s access to Reddit’s vast content pool for the training of AI systems underscores Reddit’s ambition to diversify revenue streams amid stiff competition in the digital advertising realm from the likes of TikTok and Meta Platform’s Facebook.
This inquiry unfolds at a pivotal juncture for Reddit, coinciding with the company’s plans to go public in the U.S. market, with a potential valuation reaching up to $6.4 billion. The impending initial public offering (IPO) has sparked considerable interest and is anticipated to be a significant event in the financial landscape.
As Reddit navigates its foray into the realms of AI and content sharing, questions arise surrounding data privacy and user rights. Nonetheless, Reddit affirms its stringent adherence to ethical and legal frameworks, emphasizing transparency and user confidence while remaining assured of its alignment with regulatory expectations.
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The source of the article is from the blog be3.sk