If I put 60 million in a good returns account and built on that as an income over 10 years without ever taking any out that's almost a billion dollars.
Clearly this unknown AI company is looking to make more that 1 billion back in 10 years otherwise they'd just keep that money in an account themselves.
So either they want 10 years worth of data for a return worth more than 1 billion dollars or they only want a year or two's data and then have their AI model work within that timeframe and then ditch the need for more data.
The content on Reddit is also available to the public and via search. So why pay for it unless it's particular to the individual users, their I.P. addresses, email accounts and mobile app data?
Again, once snatched there's no need to continue paying for something you've already got. And investors all remember the bubble burst of the web 1.0, so keep those sails in tight until we've made good headway.
With the election coming up this year I expect Reddit to go the way of Digg and something unknown to become the Leviathan in these troubled waters of trust from big tech.
Clearly this unknown AI company is looking to make more that 1 billion back in 10 years otherwise they'd just keep that money in an account themselves.
Ding! Ding! Ding! Correct conclusion, it's a tech startup scam, AI is all the rage now which is why just like with the NFT craze they kept putting it in everything.
How much do all the sock accounts cost the DNC and similar political cabals around the world?
Suddenly a lot of people aren't going to have their weed money.
If I put 60 million in a good returns account and built on that as an income over 10 years without ever taking any out that's almost a billion dollars.
I think your math is off.
To roughly calculate time to double with compounding interest, take 72 and divide it by your interest rate.
Let's say you can get 8% annually, which is very optimistic. 72 / 8 = 9 years. So, in 9 years your 60 million would become 120 million. Nowhere near a billion.
Scraping it doesn't get deleted posts, which are a huge repository of data that isn't available by scraping. As just one example, the entire history of The Donald would be available for an AI to train on with a switch telling it everything there is misinformation from Nazis.
Probably because reddit has made it exponentially harder to do just that. Likely for this exact reason.
There was that big kerfuffle a while back with reddit changing up it's API and breaking alot of stuff that all the tranny-jannies used to manage all the subreddits they lord over. This is just the end reason for it.
They changed their terms of service to disallow large scale scraping as I recall. A whole bunch of the tech subreddits did rolling blackouts for months over that shit. Thank god the more useful ones didn't go dark or IT infrastructure everywhere would have had more outages.
Reddit has reportedly signed a $60M deal with an AI company that will see user content being used to train the company’s model.
The deal, reportedly worth $60M annually, will give the unknown AI company the license to train its models on both existing and future comments and posts from Reddit’s 800+ Million monthly users.
OpenAI signed a similar deal back in December 2023 with German media company Axel Springer SE and is reportedly in talks with CNN, Fox Corp, and Time to license their work in the future.
This is what I mean by AI not being able to generate it's own content guys, this is how a machine learning algorithm works, it doesn't matter if it's online or offline. Offline you're still going to be grabbing data from online you've just downloaded it to the hard drive. This is also what they are intending for big tech social media to be and why they will clamp down hard with censorship this year, it's for the training models.
I love how this article details everything I was ranting about and got downvoted for. By the way it's going to be really shit, most of these chat bots shamelessly copy and paste posts from online with zero understanding of context. I think as well they'll be signing these deals to avoid tons of potential copyright problems.
They absolutely care because they can trick dumb people into thinking they've created sentient AI that gives them 'correct answers' on things. That's a powerful tool even if it's completely fake, the equivalent of a computer fact checker that they can control.
Pretty funny if you ask me.
That's all that data is worth?
If I put 60 million in a good returns account and built on that as an income over 10 years without ever taking any out that's almost a billion dollars.
Clearly this unknown AI company is looking to make more that 1 billion back in 10 years otherwise they'd just keep that money in an account themselves.
So either they want 10 years worth of data for a return worth more than 1 billion dollars or they only want a year or two's data and then have their AI model work within that timeframe and then ditch the need for more data.
The content on Reddit is also available to the public and via search. So why pay for it unless it's particular to the individual users, their I.P. addresses, email accounts and mobile app data?
Again, once snatched there's no need to continue paying for something you've already got. And investors all remember the bubble burst of the web 1.0, so keep those sails in tight until we've made good headway.
With the election coming up this year I expect Reddit to go the way of Digg and something unknown to become the Leviathan in these troubled waters of trust from big tech.
Ding! Ding! Ding! Correct conclusion, it's a tech startup scam, AI is all the rage now which is why just like with the NFT craze they kept putting it in everything.
How much do all the sock accounts cost the DNC and similar political cabals around the world? Suddenly a lot of people aren't going to have their weed money.
Unless they're mining the banned content that's not visible to more accurately flag "misinformation" for someone.
Just think, the whole internet moderated to the standards of Reddit...
A new Internet would spawn. In fact it's probably time that a new one actually should spawn, and look a lot like the one that happened for 2008.
I think your math is off.
To roughly calculate time to double with compounding interest, take 72 and divide it by your interest rate.
Let's say you can get 8% annually, which is very optimistic. 72 / 8 = 9 years. So, in 9 years your 60 million would become 120 million. Nowhere near a billion.
Thanks for making the compound interest explanation for those who don't know.
Perhaps I missed out the part where I get an additional 60 million each year also.
So while the original 60 million would become 120 million, there's another 540 million (Plus its accrued compound interest) to add into the mix.
AI trained by bots. Interesting
It's hardly the first time that space has been explored.
Did the redditors train the bots or the bots train the redditors? I get confused sometimes.
Cool now they can make a retarded depressed AI that gives destructive advice.
Don't forget brigading in every sub they disagree with to virtue signal and then claim harassment.
Distributing cp at levels never thought possible before!
Why would you pay $60 million for a bunch of publicly available shit that you could scrape for free?
same reason art sells for what it does, it is a token to hide some other payment.
They're not being paid for this, they're being paid for something else. This is just the cover.
My guess is glowie money from the state for helping spy on them and censor for them.
Scraping it doesn't get deleted posts, which are a huge repository of data that isn't available by scraping. As just one example, the entire history of The Donald would be available for an AI to train on with a switch telling it everything there is misinformation from Nazis.
Probably because reddit has made it exponentially harder to do just that. Likely for this exact reason.
There was that big kerfuffle a while back with reddit changing up it's API and breaking alot of stuff that all the tranny-jannies used to manage all the subreddits they lord over. This is just the end reason for it.
They changed their terms of service to disallow large scale scraping as I recall. A whole bunch of the tech subreddits did rolling blackouts for months over that shit. Thank god the more useful ones didn't go dark or IT infrastructure everywhere would have had more outages.
Time for the jannies to form a union and demand pay
Joke's on them! All the info they're getting is just spam from bots.
I assume this deal was announced to help pump Reddit's planned March IPO.
This is what I mean by AI not being able to generate it's own content guys, this is how a machine learning algorithm works, it doesn't matter if it's online or offline. Offline you're still going to be grabbing data from online you've just downloaded it to the hard drive. This is also what they are intending for big tech social media to be and why they will clamp down hard with censorship this year, it's for the training models.
I love how this article details everything I was ranting about and got downvoted for. By the way it's going to be really shit, most of these chat bots shamelessly copy and paste posts from online with zero understanding of context. I think as well they'll be signing these deals to avoid tons of potential copyright problems.
They absolutely care because they can trick dumb people into thinking they've created sentient AI that gives them 'correct answers' on things. That's a powerful tool even if it's completely fake, the equivalent of a computer fact checker that they can control.