Reddit: 'We Are in the Early Stages of Monetizing Our User Base' - eviltoast
Reddit's filing with the SEC makes clear that training AI with user posts is a core part of Reddit's new business model.

Reddit said in a filing to the Securities and Exchange Commission that its users’ posts are “a valuable source of conversation data and knowledge” that has been and will continue to be an important mechanism for training AI and large language models. The filing also states that the company believes “we are in the early stages of monetizing our user base,” and proceeds to say that it will continue to sell users’ content to companies that want to train LLMs and that it will also begin “increased use of artificial intelligence in our advertising solutions.”

The long-awaited S-1 filing reveals much of what Reddit users knew and feared: That many of the changes the company has made over the last year in the leadup to an IPO are focused on exerting control over the site, sanitizing parts of the platform, and monetizing user data.

Posting here because of the privacy implications of all this, but I wonder if at some point there should be an “Enshittification” community :-)

    • Rolando@lemmy.world
      41·
      9 months ago

      Well, if you want to be sure that Reddit deleted your data, the time to bring it up is now. Ask questions, contact journalists, demand answers.

    • Atemu@lemmy.ml
      22·
      9 months ago

      Your PII isn’t being sold here and you gave Reddit an irrevocable license to your content, so being in the EU doesn’t matter.

        • Atemu@lemmy.ml
          2·
          9 months ago

          The GDRP explicitly only applies to “personal data”

          1. This Regulation lays down rules relating to the protection of natural persons with regard to the processing of personal data and rules relating to the free movement of personal data.

          which it defines as follows:

          ‘personal data’ means any information relating to an identified or identifiable natural person (‘data subject’); an identifiable natural person is one who can be identified, directly or indirectly, in particular by reference to an identifier such as a name, an identification number, location data, an online identifier or to one or more factors specific to the physical, physiological, genetic, mental, economic, cultural or social identity of that natural person

          Please provide a quote where the GDPR says that it applies to anything but “personal data”.