AI Licensing Deals With Google and OpenAI Make Up 10% of Reddit's Revenue (adweek.com) 27
Reddit's recent earnings report revealed that AI licensing deals with Google and OpenAI account for about 10% of its $1.3 billion revenue, totaling approximately $130 million. With Google paying $60 million, OpenAI is estimated to be paying Reddit around $70 million annually for content licensing. Adweek reports: "It's a small part of our revenue -- I'll call it 10%. For a business of our size, that's material, because it's valuable revenue," [said the company's COO Jen Wong]. The social platform -- which on Wednesday reported a 71% year-over-year lift in fourth-quarter revenue -- has been "very thoughtful" about the AI developers it chooses to work with, Wong said. To date, the company has inked two content licensing deals: one with Google for a reported $60 million, and one with ChatGPT parent OpenAI.
Reddit has elected to work only with partners who can agree to "specific terms ... that are really important to us." These terms include user privacy protections and conditions regarding "how [Reddit is] represented," Wong said. While licensing agreements with AI firms offer a valuable business opportunity for Reddit, advertising remains the company's core revenue driver. Much of Reddit's $427.7 million Q4 revenues were generated by the ongoing expansion of its advertising business. And its ad revenue as a whole grew 60% YoY, underscoring the platform's growing appeal to brands. [...]
Helping to accelerate ad revenue growth is Reddit's rising traffic. While Reddit's Q4 user growth came in under Wall Street projections, causing shares to dip, its weekly active uniques grew 42% YoY to over 379 million visitors. Average revenue per unique visitor was $4.21 during the quarter, up 23% from the prior year. While Google is "nicely reinforcing" Reddit's growth in traffic, Wong said, she added that the site's logged-in users, which have grown 27% year-over-year, are "the bedrock of our business."
Reddit has elected to work only with partners who can agree to "specific terms ... that are really important to us." These terms include user privacy protections and conditions regarding "how [Reddit is] represented," Wong said. While licensing agreements with AI firms offer a valuable business opportunity for Reddit, advertising remains the company's core revenue driver. Much of Reddit's $427.7 million Q4 revenues were generated by the ongoing expansion of its advertising business. And its ad revenue as a whole grew 60% YoY, underscoring the platform's growing appeal to brands. [...]
Helping to accelerate ad revenue growth is Reddit's rising traffic. While Reddit's Q4 user growth came in under Wall Street projections, causing shares to dip, its weekly active uniques grew 42% YoY to over 379 million visitors. Average revenue per unique visitor was $4.21 during the quarter, up 23% from the prior year. While Google is "nicely reinforcing" Reddit's growth in traffic, Wong said, she added that the site's logged-in users, which have grown 27% year-over-year, are "the bedrock of our business."
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https://www.airlant.usff.navy.mil/Organization/Aircraft-Carriers/USS-Harry-S-Truman-CVN-75/Commanding-Officer/
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Of course, if he *identifies* as a trans black lesbian then the woke expect us to take his word for it. Or be called out for -isms.
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I don't have a problem with it (Score:4, Informative)
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You post on Reddit, you know what you're going to get.
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Reddit's users never technically owned their writings on the site
No. https://redditinc.com/policies... [redditinc.com]
You retain any ownership rights you have in Your Content, but you grant Reddit the following license to use that Content:
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This pretty much is Reddit's M.O. for everything from participating in the site to moderating. You put in your time and effort and in return you get fake internet points. Ironically, Slashdot discovered this early on after implementing a karma system, where if you actually show your users a numerical representation of their karma they'll attempt to "whore" more of it (and also will be less likely to post opinions anticipated to be controversial), so the numerical indicator was scrapped. Reddit, of course
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People will virtue signal just for random kudos from strangers. Maybe a point system magnifies that effect but numeric aren't strictly required to get people to karma whore or the equivalent for whatever site.
Most ridiculous anecdotal case I've witnessed: went to dinner with my gf and her random female friend I'd never met. Some decent but hardly 5 star French place. Random Female Friend took and posted pics of everything all through dinner and for the hour after was calling out to us as we walked home h
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I'm the only one who read his entire bullshit post so I'm the only one who can properly summarize it. My summary is 100% accurate. Notice he didn't come back to dispute anything I said.
Go ahead, post your own summary. You won't. You can't. You didn't read his crazy shit. It would drive you even more nuts than you already are.
As usual, AC posting was the only smart thing you've done today. You're embarrassing. I wouldn't want my name associated with your posts anymore than you do, Dunning Kruger chum
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Googles AI will insult you repeatedly for asking questions and then shut down your computer.
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Just like the real world now, AIs will be either loony racists or hateful wokeists.
There is no room left for normal, decent people, or AIs.
Slashdot (Score:2)
Strange that nobody's buying slashdot comments to train their AI? Can you imagine if they did that? It'd be hilarious.
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if ai is being fed reddit (Score:1)
... We don't have to worry that it will ever appear sane.