Upgrade Your Shopping Experience with TopValueStore

The FTC is probing Reddit’s AI licensing offers

The Federal Commerce Fee is wanting into Reddit’s AI licensing offers, the corporate in paperwork filed with the Securities and Change Fee. The corporate, which is within the midst of its Preliminary Public Providing, stated that the regulator notified Reddit officers that it “meant to request info and paperwork” concerning the firm’s AI offers.

It’s not clear why the FTC is probing Reddit’s comparatively new licensing enterprise, but it surely appears to be within the early levels of its inquiry. “On March 14, 2024, we acquired a letter from the FTC advising us that the FTC’s employees is conducting a private inquiry targeted on our sale, licensing, or sharing of user-generated content material with third events to coach AI fashions,” Reddit wrote in a submitting. “Given the novel nature of those applied sciences and business preparations, we’re not shocked that the FTC has expressed curiosity on this space. We don’t imagine that now we have engaged in any unfair or misleading commerce observe.”

Reddit’s offers to license its catalog of user-generated content material are a key a part of the corporate’s technique to develop its income because it will get able to . On the day the corporate filed for IPO, the corporate introduced it had reached a take care of Google, which is able to use Reddit knowledge to coach its AI fashions. That association was reportedly value round . The corporate stated it was within the early levels of “exploring” a majority of these offers.

In accordance , different corporations have acquired comparable letters from the FTC. The regulator has beforehand proven an curiosity within the present wave of generative AI upstarts and their relationships with massive tech corporations, The FTC is presently Microsoft, Alphabet and Amazon over their investments into outstanding AI startups.

Trending Merchandise

0
Add to compare
Corsair 5000D Airflow Tempered Glass Mid-Tower ATX PC Case – Black

Corsair 5000D Airflow Tempered Glass Mid-Tower ATX PC Case – Black

$168.05
0
Add to compare
CORSAIR 7000D AIRFLOW Full-Tower ATX PC Case, Black

CORSAIR 7000D AIRFLOW Full-Tower ATX PC Case, Black

$269.99
0
Add to compare
Corsair iCUE 4000X RGB Mid-Tower ATX PC Case – White (CC-9011205-WW)

Corsair iCUE 4000X RGB Mid-Tower ATX PC Case – White (CC-9011205-WW)

$144.99
.

We will be happy to hear your thoughts

Leave a reply

TopValueStore
Logo
Register New Account
Compare items
  • Total (0)
Compare
0
Shopping cart