Technology

37699 readers

252 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

[email protected]

134

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

submitted 5 days ago by [email protected] to c/[email protected]

79 comments fedilink hide all child comments

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.

you are viewing a single comment's thread
view the rest of the comments

[–] [email protected] 11 points 5 days ago (4 children)

Congrats to them. Sad though that they had to go as low as selling their users out to AI training for that. And context sensitive advertisements in social media are also more a drag to society. But hey, they did it.

Maybe now they can shift to more ethical business models?

[–] [email protected] 12 points 5 days ago

They wouldn't, even if they knew how. Because unethical makes more money.

[–] [email protected] 8 points 5 days ago

Maybe now they can shift to more ethical business models?

You can't honestly expect that?

[–] [email protected] 4 points 5 days ago

lol

[–] [email protected] 3 points 5 days ago

That. Apart the last sentence, obvs.