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submitted 3 weeks ago by alyaza@beehaw.org to c/technology@beehaw.org

Reddit’s advertising revenue grew to $315.1 million, while “other” revenue reached $33.2 million on account of “data licensing agreements signed earlier this year.” Both Google and OpenAI have cut deals with Reddit to train their AI models on its posts.

In a letter to shareholders, Reddit CEO Steve Huffman attributed the recent increase in users to the platform’s AI-powered translation feature. Reddit started letting users translate posts into French last year before expanding to Spanish, Portuguese, Italian, and German. Now, Huffman says Reddit plans to expand translation to over 30 countries through 2025.

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[-] lvxferre@mander.xyz 2 points 3 weeks ago

Yup, I got that you don't mean that everyone is a bot there. I just don't think that there aren't so many of them as you're saying; it's certainly not as much as half the users, or even the activity (bots tend to be more active than actual users).

They're still wrecking damage on the place though. Eventually they'll reach a plateau in proportion, but their numbers will go down, alongside the actual users.

[-] FartsWithAnAccent@fedia.io 2 points 3 weeks ago

Maybe, maybe not, but I'm pretty damn sure they'll never disclose the actual numbers or police repost or astrotufing bots.

this post was submitted on 30 Oct 2024
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