Companies are taking drastic measures to stop AI systems from scraping their text for training purposes. This has sparked a fierce battle between content-rich websites and AI developers who need vast amounts of text to improve their models. Major sites like X (formerly Twitter) and Reddit have implemented strict rate
The reason Reddit is worth $1 billion more than the NY Times is that investors favor Reddit’s user-generated content model over NYT’s costly content creation, despite profitability. Here’s a question for you! Which media company do you think holds more value? Is it the one that raked in $800 million
According to Bloomberg, as the social media company continued to lose money, Reddit filed for an IPO to go public. Tens of millions of people use the community-focused message board site Reddit every day, and on Thursday afternoon, the site submitted an S-1 form to the Securities and Exchange Commission.