Reddit reveals FTC inquiry into deals licensing its users’ data for AI training

webnexttech | Reddit reveals FTC inquiry into deals licensing its users' data for AI training

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Founded in 1846, AP today remains the most trusted source of fast, accurate, unbiased news in all formats and the essential provider of the technology and services vital to the news business. More than half the world’s population sees AP journalism every day. twitter instagram facebook The Associated Press ap.org Careers Advertise with us Contact Us Accessibility Statement Cookie Settings Terms of Use Privacy Policy More From AP News About AP News Values and Principles AP’s Role in Elections AP Leads AP Definitive Source Blog AP Images Spotlight Blog AP Stylebook Copyright 2024 The Associated Press. All Rights Reserved. Mega Millions jackpot Falls Township shootings Russia election Israel-Hamas war St. Patrick’s Day Business Reddit reveals FTC inquiry into deals licensing its users’ data for AI training FILE – The Reddit app icon is seen on a smartphone on Feb. 28, 2023, in Marple Township, Pa. Reddit said Friday, March 15, 2024, that the Federal Trade Commission has opened an inquiry into the social platform’s sale, licensing or sharing of user posts and other content to outside organizations for use in training artificial intelligence models. (AP Photo/Matt Slocum, File) Updated [hour]:[minute] [AMPM] [timezone], [monthFull] [day], [year] Share Share Copy Link copied Email Facebook X Reddit LinkedIn Pinterest Flipboard Print SAN FRANCISCO (AP) — Reddit said Friday that the Federal Trade Commission has opened an inquiry into the social media platform’s sale, licensing or sharing of its users’ posts and other content to outside organizations for use in training artificial intelligence models. The company disclosed the inquiry Friday in a filing with the Securities and Exchange Commission that cited a letter from the FTC dated Thursday. “Given the novel nature of these technologies and commercial arrangements, we are not surprised that the FTC has expressed interest in this area,” Reddit wrote in the filing. “We do not believe that we have engaged in any unfair or deceptive trade practice.” Like many other social media platforms, Reddit has expressed interest in business deals where AI companies pay to access databases of human-written text that AI models can use to refine their ability to converse, answer questions and produce written work and images on request. Almost a month ago, Reddit announced a $60 million deal with Google for exactly that purpose. That arrangement will also give Reddit access to Google AI models for improving its internal site search and other features. Reddit declined to comment or answer questions beyond a written statement about the deal. Friday’s disclosure comes as Reddit prepares to sell shares to the public for the first time. The San Francisco-based company on Monday filed paperwork that projected a price for its initial public offering valuing the 18-year-old platform at up to $6.4 billion. The Associated Press is an independent global news organization dedicated to factual reporting. Founded in 1846, AP today remains the most trusted source of fast, accurate, unbiased news in all formats and the essential provider of the technology and services vital to the news business. More than half the world’s population sees AP journalism every day. The Associated Press ap.org Careers Advertise with us Contact Us Accessibility Statement Cookie Settings Terms of Use Privacy Policy More From AP News About AP News Values and Principles AP’s Role in Elections AP Leads AP Definitive Source Blog AP Images Spotlight Blog AP Stylebook Copyright 2024 The Associated Press. All Rights Reserved. twitter instagram facebook

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