89
submitted 1 year ago* (last edited 1 year ago) by gotofritz@beehaw.org to c/technology@beehaw.org

One of Spez's answers in the infamous Reddit AMA struck me

Two things happened at the same time: the LLM explosion put all Reddit data use at the forefront, and our continuing efforts to reign in costs...

I am beginning to think all they wanted to do was getting their share of the AI pie, since we know Reddit's data is one of the major datasets for training conversetional models. But they are such a bunch of bumbling fools, as well as being chronically understaffed, the whole thing exploded in their face. At this stage their only chance if survival may well be to be bought out by OpenAI...

you are viewing a single comment's thread
view the rest of the comments
[-] gotofritz@beehaw.org 1 points 1 year ago

Does it matter what Reddit's business model was founded on? Businesses respond to changing conditions all the time and pivot.

"they got greedy" seems really a naive way of looking at it. They are a business, that's what businesses are all about. Additionally, they are a busienss which is NOT profitable, and need to to change things to survive now that the era of low interest rates has come to end. The real issue is that they are so inept IMHO

I find the word "entshittification" so cringe

this post was submitted on 10 Jun 2023
89 points (100.0% liked)

Technology

37692 readers
310 users here now

A nice place to discuss rumors, happenings, innovations, and challenges in the technology sphere. We also welcome discussions on the intersections of technology and society. If it’s technological news or discussion of technology, it probably belongs here.

Remember the overriding ethos on Beehaw: Be(e) Nice. Each user you encounter here is a person, and should be treated with kindness (even if they’re wrong, or use a Linux distro you don’t like). Personal attacks will not be tolerated.

Subcommunities on Beehaw:


This community's icon was made by Aaron Schneider, under the CC-BY-NC-SA 4.0 license.

founded 2 years ago
MODERATORS