reddit – pressnews

Reddit reveals FTC inquiry into deals licensing data of its users for AI training

16Mar

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Technology

Reddit reveals FTC inquiry into deals licensing data of its users for AI training

[ad_1] Reddit said Friday that the Federal Trade Commission has opened an inquiry into the social media platform's sale, licensing or sharing of its users' posts and other content to outside organizations for use in training artificial intelligence models.The company disclosed the inquiry Friday in a filing with the Securities and Exchange Commission that cited a letter from the FTC dated Thursday. “Given the novel nature of these technologies and commercial arrangements, we are not surprised that the FTC has expressed interest in this area,” Reddit wrote in the filing. “We do not believe that we have engaged in any unfair or deceptive trade practice.” Like many other social media platforms, Reddit has expressed interest in business deals where AI companies pay to access databases of hu...

Reddit trumpets revenue source besides ads: Lucrative AI deals

24Feb

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Technology

Reddit trumpets revenue source besides ads: Lucrative AI deals

[ad_1] Artificial intelligence will become an important part of Reddit Inc.'s business, the company said Thursday in its long-awaited filing for an initial public offering — tapping into a revenue stream that could be both lucrative and controversial. San Francisco-based Reddit, a platform that hosts conversations on thousands of different topics, makes most of its money by selling ads that appear alongside social content. In its filing, the 19-year-old company outlined another line of additional business: selling that content to companies building ChatGPT-like chatbots. Big tech companies, like Google and OpenAI, are willing to pay a lot of money for content to improve their large language models, AI software that is built using troves of data. On Thursday, in addition to its public fi...

17Feb

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Technology

5 things about AI you may have missed today: NBA unveils NB-AI, Reddit inks $60 mn AI content deal, and more

[ad_1] NBA unveils NB-AI at All Star Tech Summit for personalised game viewing; Reddit inks $60 mn AI content licensing deal ahead of IPO; UK University to train 100 Tamil Nadu students in data analysis and AI; Amitabh Bachchan celebrates 55 years in Bollywood with AI avatar- this and more in our daily roundup. Let us take a look.1. NBA unveils NB-AI at All Star Tech Summit for personalised game viewingThe NBA showcased NB-AI, a new technology aimed at personalising live game viewing during the annual All-Star tech summit. Commissioner Adam Silver demonstrated how it enhances highlights, comparing it to the excitement of the early internet days. San Antonio rookie Victor Wembanyama previewed the technology, expressing amazement and acknowledging its potential impact on the future, accor...

Even as YouTube continues to dominate, TikTok surges as fastest-growing social platform: Pew

1Feb

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Technology

Even as YouTube continues to dominate, TikTok surges as fastest-growing social platform: Pew

[ad_1] The Pew Research Center's recent survey on US adult social media usage, conducted between May 19 and September 5, 2023, highlights the evolving landscape of digital platforms. While YouTube and Facebook maintain their dominance, TikTok has emerged as the fastest-growing social platform, garnering usage from over a third of surveyed adults.YouTube maintains a substantial lead as the most utilised platform, with 83 percent of respondents indicating its usage, according to the survey. Facebook follows closely behind, with 68 percent of users reporting engagement. Notably, these two platforms are the only ones achieving majority usage across all age demographics. Nevertheless, age-based differentials persist, particularly evident among YouTube users. For instance, 93 percent of indiv...

Reddit Inc Leads Class of 2024 IPO Candidates Testing the Water

28Nov

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Technology

Reddit Inc Leads Class of 2024 IPO Candidates Testing the Water

[ad_1] Reddit Inc. is again holding talks with potential investors for an initial public offering for the social media company, according to people familiar with the matter, as hopefuls prepare for a long-awaited reopening of the market for new listings. The San Francisco-based firm, whose users helped fuel the meme-stock frenzy that made 2021 a banner year for equities, is weighing an IPO as soon as in the first quarter, the people said. Reddit was working with Morgan Stanley and Goldman Sachs Group Inc. on the listing, Bloomberg News reported last year, and was considering a valuation of as much as $15 billion.Companies planning first-time share sales in the US have been stymied for months by volatile markets and a relatively weak showing for four closely watched debuts in September a...

Google brings an experimental ‘Notes’ feature that will allow you to annotate Search results

16Nov

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Technology

Google brings an experimental ‘Notes’ feature that will allow you to annotate Search results

[ad_1] A common problem many people encounter, especially if they use the internet for research and developing a deeper understanding of a subject matter, is that search engines are not really good at it. Due to the existence of SEO (search engine optimization), the top results are often those that abuse the system the most and not the ones that put a high focus on providing valuable information. This has led to people preferring other sources such as Reddit as a more authentic place for research, especially where people's opinions are concerned. But Google has just launched an experimental feature called Notes in the US and India yesterday, November 15, which aims to solve this problem through a really old trick — annotation.According to a report by Tech Crunch, this feature allows you...

Reddit could block Google Search, Bing, if the AI companies don’t pay up to use its data

21Oct

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Technology

Reddit could block Google Search, Bing, if the AI companies don’t pay up to use its data

[ad_1] Of late, many platforms that manage a large amount of data, especially social media platforms, news websites, and large blog sites have expressed their frustrations at bots being used by companies working with AI to crawl these platforms and scrape their data to train large language models (LLM). Many companies are asking to be paid by AI firms now. Among them is Reddit, whose senior officials recently met with AI companies to strike a deal, however, they have not yet been able to reach any agreement. A report claims that if Reddit cannot reach an agreement soon, it can block bots from crawling its site, even if it means that the platform will get delisted from Google and Bing search engines.According to a report by The Washington Post, a person familiar with the matter said that...

Reddit app adds a new feature to make it easier to search for images

5Oct

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Technology

Reddit app adds a new feature to make it easier to search for images

[ad_1] Reddit is one of the biggest social media platforms that has been designed as a forum. The massive forum is divided into thousands of communities, also known as subreddits, where members post, comment, and discuss relevant topics. Due to the nature of the platform, it is also a massive hub of images, be it memes, funny photos, beautiful artwork, or just wallpapers desktops, and smartphones. But despite being an image-heavy platform, Reddit lacked any image-led search tools. But that is now changing as the platform has added a new feature that lets users search for only images on its iOS and Android apps.The feature is only available on the native mobile apps of Reddit, and as of writing this, it is not available on the website. The feature will let users search for any particular...

New York Times bans OpenAI’s GPTbot from using its content to train AI

22Aug

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Technology

New York Times bans OpenAI’s GPTbot from using its content to train AI

[ad_1] Last week, reports emerged that the New York Times may take legal action against the ChatGPT maker OpenAI as its AI models allegedly use content published on the website, which is NYT's intellectual property, to train its AI models. While that may not have happened so far, the major news publisher has now decided to ban OpenAI's web crawler from viewing content on its website. The move means that the website's content cannot be used to train any of OpenAI's AI foundational models.As per a report by The Verge, NYT has blocked OpenAI's web crawler GPTbot from searching and indexing the contents of the website. The report highlights the robot.txt page of the publication which clearly shows that the bot has been disallowed. Using the Internet Archive's Wayback Machine that lets users...

ISRO spacecraft to UPI, check out the stunning art on Reddit’s r/place

24Jul

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Technology

ISRO spacecraft to UPI, check out the stunning art on Reddit’s r/place

[ad_1] For a number of years now, Reddit has been hosting its annual pixel art campaign called 'Place' or 'r/place', and it has gained immense popularity among users. Many of you might not be aware of the term r/place, well simply put, it is a yearly campaign where users get a blank canvas and are invited to place one pixel every 5 minutes to create stunning art. The initiative holds immense value as it represents Reddit's most significant annual campaign, and Indian users have particularly embraced a few artworks.Keeping India's progress in mind, Redditors have created beautiful artwork signifying India's development. Not only that, but it displays the diverse and dynamic front that netizens can't help but show off. Indian Redditors artworkThe pixel artwork displays the great fusion of...