Reddit announced on Friday, as part of its upcoming IPO, that the company is under investigation by the Federal Trade Commission (FTC) for its data licensing practices. The FTC informed Reddit that it is conducting a non-public investigation into the practices by which user-generated content is sold, licensed, or shared with third parties to train AI models. Reddit emphasized that these practices are consistent with the values and rights of its users. The company expects to generate around USD 60 million in 2024 from the data licensing agreement it signed with Google in January alone. Reddit expects its growing platform data to be a key element in training leading Large Language Models (LLMs) and serve as an additional monetization channel.
Hub AI in practice
Artificial Intelligence is present in everyday life – from “googling” to facial recognition to vacuum cleaner robots. AI tools are becoming more and more elaborate and support people and companies more effectively in their tasks, such as generating graphics, texting or coding, or interpreting large amounts of data.
What AI tools are there, how do they work, how do they help in our everyday world – and how do they change our lives? These are the questions we address in our Content Hub Artificial Intelligence in Practice.
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