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46
Reddit reportedly sells user content to AI company for 60 million dollars per year (archive.ph)
posted 2 years ago by BetterNameUnfound 2 years ago by BetterNameUnfound +46 / -0
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Comments (26)
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– deleted 19 points 2 years ago +19 / -0
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– deleted 10 points 2 years ago +10 / -0
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– JustHereForTheSalmon 8 points 2 years ago +8 / -0

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.

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▲ 6 ▼
– APDSmith 6 points 2 years ago +6 / -0

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...

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– deleted 2 points 2 years ago +2 / -0
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– KeeperOfTheGate 4 points 2 years ago +4 / -0

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.

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– deleted 1 point 2 years ago +1 / -0
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– Indipendepede 13 points 2 years ago +13 / -0

AI trained by bots. Interesting

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– MargarineMongoose 3 points 2 years ago +3 / -0

It's hardly the first time that space has been explored.

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– KekistanPM 3 points 2 years ago +3 / -0

Did the redditors train the bots or the bots train the redditors? I get confused sometimes.

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– Oranguchan 9 points 2 years ago +9 / -0

Cool now they can make a retarded depressed AI that gives destructive advice.

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– rebuildingMyself 5 points 2 years ago +5 / -0

Don't forget brigading in every sub they disagree with to virtue signal and then claim harassment.

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– Indipendepede 2 points 2 years ago +2 / -0

Distributing cp at levels never thought possible before!

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– GamingTheSystem-01 9 points 2 years ago +9 / -0

Why would you pay $60 million for a bunch of publicly available shit that you could scrape for free?

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– Vicious_snek6 20 points 2 years ago +20 / -0

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.

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– deleted 5 points 2 years ago +5 / -0
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– BoberFett 7 points 2 years ago +7 / -0

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.

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– Grant_us_eyes 4 points 2 years ago +4 / -0

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.

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– MargarineMongoose 4 points 2 years ago +4 / -0

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.

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– deleted 6 points 2 years ago +6 / -0
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– deleted 5 points 2 years ago +5 / -0
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– deleted 3 points 2 years ago +3 / -0
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– norwegianwikin 5 points 2 years ago +5 / -0

Time for the jannies to form a union and demand pay

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– -Fender- 3 points 2 years ago +3 / -0

Joke's on them! All the info they're getting is just spam from bots.

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– deleted 3 points 2 years ago +3 / -0
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– BoberFett 3 points 2 years ago +3 / -0

I assume this deal was announced to help pump Reddit's planned March IPO.

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