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Reddit is profitable for the first time ever, with nearly 100 million daily users(www.theverge.com)

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alyaza [they/she]@beehaw.orgM
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technology@beehaw.org
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Reddit’s advertising revenue grew to $315.1 million, while “other” revenue reached $33.2 million on account of “data licensing agreements signed earlier this year.” Both Google and OpenAI have cut deals with Reddit to train their AI models on its posts.

In a letter to shareholders, Reddit CEO Steve Huffman attributed the recent increase in users to the platform’s AI-powered translation feature. Reddit started letting users translate posts into French last year before expanding to Spanish, Portuguese, Italian, and German. Now, Huffman says Reddit plans to expand translation to over 30 countries through 2025.

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pineapple_pizza@lemmy.dexlit.xyz
11 points

Dammit, all of you told me Reddit was going into the ground and I didn’t invest lol

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SturgiesYrFase@lemmy.ml
10 points

Pffffffffffff…since when is it a good idea to get financial advice from randos on the internet?

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Someplaceunknown@fedia.io
24 points

I CALL BULLSHIT

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bradorsomething@ttrpg.network
2 points

Well, clearly you are not a bot on reddit then.

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NastyNative@mander.xyz
27 points

Just as we are all leaving for Lemmy. Reddit now makes you have an account to access some of their shit. Good riddance!

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Kratzkopf@discuss.tchncs.de
13 points

I’m looking forward to LLMs copying the gibberish german communities like to use. It is very common there to translate things word for word without any regard for correct german grammar or understandibility.

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django@discuss.tchncs.de
7 points

Who would have thought, that it would one day be a weapon against ai.

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Zoop@beehaw.org
4 points

That’s awesome. I hadn’t heard about that. I love silly shit like that! :)

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thingsiplay@beehaw.org
46 points

After selling user generated content to Ai.

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Midnitte@beehaw.org
26 points

Doesn’t seem like that gravy train will roll on forever

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darreninthenet@lemmy.sdf.org
4 points

It cannot - more and more content is coming from AI so they are just “relearning” what one of the AI platforms has already produced… the endgame of that is convergence on nothing new being produced from AI

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