Reddit says the Federal Trade Commission has opened an inquiry into the social media platform's sale, licensing or sharing of user posts and other content to outside organizations for use in training artificial intelligence models.
FILE - The Reddit app icon is seen on a smartphone on Feb. 28, 2023, in Marple Township, Pa. Reddit said Friday, March 15, 2024, that the Federal Trade Commission has opened an inquiry into the social platform’s sale, licensing or sharing of user posts and other content to outside organizations for use in training artificial intelligence models.
Like many other social media platforms, Reddit has expressed interest in business deals where AI companies pay to access databases of human-written text that AI models can use to refine their ability to converse, answer questions and produce written work and images on request.with Google for exactly that purpose. That arrangement will also give Reddit access to Google AI models for improving its internal site search and other features.
Friday’s disclosure comes as Reddit prepares to sell shares to the public for the first time. The San Francisco-based company on Monday filed paperwork that projected a price for its
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