RT by @MarietjeSchaake: 🚨BREAKING: A few days ahead of its IPO, Reddit has just been notified by the US Federal Trade Commission that they are investigating the company's AI training deals. This is what Reddit disclosed:

"(...) on March 14, 2024, we received a letter from the FTC advising us that the FTC’s staff is conducting a non-public inquiry focused on our sale, licensing, or sharing of user-generated content with third parties to train AI models. Given the novel nature of these technologies and commercial arrangements, we are not surprised that the FTC has expressed interest in this area. We do not believe that we have engaged in any unfair or deceptive trade practice. The letter indicated that the FTC staff was interested in meeting with us to learn more about our plans and that the FTC intended to request information and documents from us as its inquiry continues. (...)"

Following.

*I've written about Reddit's and other companies' AI training deals in my newsletter, see link below.⬇️

[2024-03-16 18:33 UTC]