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Reddit sells training data to unnamed AI company ahead of IPO
(arstechnica.com)
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this post was submitted on 20 Feb 2024
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Yea, but it'll be open forever, nobody can turn off an app overnight and profit from it.
Right. But my point is that they can profit from it. The issue lots of folks seem to be having is "how dare Reddit make money using something I did!", and that issue is even worse for the Fediverse since lots of companies can be doing it.
And what value is a commodity that is available to everyone?
I don't disagree with your point but I'm sure it couldn't be sold for as much as when it's a limited resource.
The value comes from the work that can be done with it. If you can train an AI off it then it's worth something.
It's one thing if you're processing and doing work with the data but Reddit will be getting $60,000,000 a year for simple having the data.
They can't do the work without the data, though.
Or rather, they can't do the work without the risk of Reddit raising a legal fuss that would cost them more than $60 million. The data itself can already be downloaded for free from various places.