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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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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.