this post was submitted on 23 Feb 2024
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Reddit: 'We Are in the Early Stages of Monetizing Our User Base' (www.404media.co)
submitted 11 months ago by [email protected] to c/technology
103 comments fedilink hide all child comments
 

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.”

On Wednesday, Reuters reported that Reddit has entered a contract with Google, which will license its content for $60 million a year in order to train Google’s AI models.

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[–] SlopppyEngineer 86 points 11 months ago (4 children)

If selling all the data is early stages, I want to know what late stage monetization looks like. Pay a fee to get unbanned? Fines if the post gets down voted?

[–] [email protected] 36 points 11 months ago (1 children)

Karma microtransactions

[–] [email protected] 11 points 11 months ago

already done and with crypto at that

[–] [email protected] 26 points 11 months ago

Battle Pass maybe, since they already have subscription.

[–] SomeGuy69 8 points 11 months ago

Pay to have your comment or post be on top obviously.

[–] T156 8 points 11 months ago (1 children)

Pay to Win Reddit with micro transaction cosmetics?

[–] [email protected] 12 points 11 months ago (1 children)

I've never bothered with them, but aren't there already? Additional stuff for your personal avatar?

[–] SlopppyEngineer 7 points 11 months ago

Yes. And with collectible avatar saved on a block chain if I recall correctly.