Reddit Inc. is weighing feedback from early meetings with potential investors in its initial public offering that it should consider a valuation of at least $5 billion, according to people familiar with the matter, even as it is estimated below that figure in the volatile market for shares of private companies.
I was told reddit has already been scraped for AI and all sorts of stuff. There is very little new value to sell.
Except AI models may end up having to start again with licences or public domain data.
They are currently breaking the law and delaying legal action as long as possible in the hopes they can repeat the trick with a new data set.
Corporations break the law all the time and typically it’s just an operational expense.
Typically they aren’t fighting other corporations.
I don’t understand what you’re saying because I never said they were.
My point is that corporations often see a fine as a cost of business because the fines are issued by a regulatory system that has no teeth.
If you’re in a lawsuit against another corporation they are going after damages in civil court and it’s likely to be a high enough fine to stop the behaviour.
No they’ll train on laundered model output. Like every llama.
The investment thesis they the data is valuable is bonkers. It’s not. Not only has it been exfiltrated and can be laundered in a dozen ways, Reddit also won’t be able to effectively assert copyright.
Look at Facebook. It’s full of reposted quora content now with AI images and AI laundered text.
Reddit is dead
Yeah that was kinda my understanding too. And regardless of my feelings on it, I think rulings are mostly gonna go in AI’s favor.