Reddit is planning on going public. However first, the Federal Commerce Fee has to examine on some stuff.

The social media firm revealed that on March 14, the FTC despatched them a letter declaring that the fee would conduct a “personal inquiry” relating to Reddit’s licensing of user-generated information for coaching third-party AI fashions, per CNBC. Information licensing is a younger enterprise for Reddit, which depends totally on promoting income at this level.

Reddit’s plan for the time being is to go public on March 21. It’s unclear what sort of impact, if any, this FTC investigation could have on these efforts.

As it’s possible you’ll or will not be conscious, many generative AI instruments like ChatGPT, Sora, and Midjourney require an excessive amount of information to coach on. The best, and most accessible supply for big information units like those these instruments require is the web. Some corporations like Tumblr proprietor Automattic have been keen to strike offers with AI corporations to license information for coaching. That is what Reddit is attempting to do right here.

Arguably essentially the most outstanding third-party AI mannequin that Reddit has partnered with for coaching is Google’s, which was introduced final month. We’ll see if it winds up haunting Reddit in some unspecified time in the future down the highway.