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...