OpenAI’s Sam Altman Revealed As One of Reddit’s Biggest Shareholders
OpenAI’s Sam Altman Revealed As One of Reddit’s Biggest Shareholders
As the tech platform prepares for a public offering, it says that most of its revenue is from advertising, but touts artificial intelligence as a growth area.
Makes sense. Reddit really is a data gold mine. I shudder to think about the profile you could have built of me from my up/down votes alone, much less my comments and posts. FOMO and participation always generating data really just has me wondering if we'll see a world where "privacy" becomes extinct or culturally different.
Somebody posted a screenshot where reddit accounts were getting "exclusive offers" to buy stock at the IPO...
Which means everyone that buys even a single share just tied their real life identity explicitly to their reddit account.
Having that makes their data on you a lot more valuable.
Fuck I didn't even think of that side of it. I just thought "that's a bad investment" and left it at that
Yeah kinda the reason I stopped contributing even with votes. No more account login, just casually browse/lurk. Even if you periodically delete your account all that data is probably saved somewhere, there's no way to be sure.
Yeah, I'm doing it again on lemmy. I'm definitely not immune in any way to the FOMO and lack of data discipline. We all are, in some ways, even just by being here on his platform.
You should be paid for that. There is a valid lawsuit to be had. Reddit's terms and conditions do not absolve them of value theft from the content you posted.
Ehhh, I'm not super persuaded by that argument tbh. I don't think arbitrary data has any intrinsic value on its own the way copyright-able art does. I work in tech and I'm just not sure I want that can of worms opened.
Edit: I guess I should say, it's not something I've dedicated a lot of thought too. I'm open to arguments to the contrary.
Just wait until all humans awaken their psionic powers and everyone gets telepathy. Privacy doomers will seethe 😂
The infringement runs deep, I didn't know my reddit comments were directly going to AI. Had I known that, I wouldn't have posted so much.
They encouraged me to give more than I would have, for their commercial purposes, without due consideration.
Lemmy is also being scraped for training and data collection I bet.
Everything is scraped for training data. They argue that this is fair use under the "research" exemption. However, it is not research, the datasets they build are private and used exclusively for commercial product development.
Even if you could consider it as fair use research - which it isn't - the commerciality of it should exclude it from being fair use.
He was the CEO of reddit for a few months a decade back or so. They probably tossed a bucket of worthless stock at him zoidberg style.
You think he waved a sandwich in front of them?
FUCK U/SPEZ
scrape scrape scrape
Fancy copy-paste bot go brrrrr
It's learning NLP and how to build dynamic web apps at the same time!
Were they right to kick him out?
In today’s photo, Mr AI shows off his “Wallace and Gromit” look.
And yet Reddit has just done a data extraction deal with Google
This is the best summary I could come up with:
The Reddit IPO appears set to move forward, with the tech platform filing its form S-1 with the Securities and Exchange Commission on Thursday.
The form lists a variety of new details about the site, including its financials, risk factors, and key business lines.
“Our content is particularly important for artificial intelligence (‘AI’) – it is a foundational part of how many of the leading large language models (‘LLMs’) have been trained,” the company writes in the S-1.
We expect our data advantage and intellectual property to continue to be a key element in the training of future LLMs.”
News reports have pegged the partner as Google, which is using Reddit data to train its Gemini LLM.
According to the filing, Huffman’s total compensation in 2023 was $193.2 million, though that was almost all in the form of stock and option awards, which may or may not vest, depending on the company’s performance.
The original article contains 443 words, the summary contains 153 words. Saved 65%. I'm a bot and I'm open source!
