FTC investigates Reddit's AI licensing deals

The Federal Trade Commission (FTC) has drawn attention to Reddit's artificial intelligence (AI) licensing agreements and announced its intention to collect information and documents.

Here's What We Know

Reddit has entered into an agreement with Google under which the company uses data from Reddit to train its artificial intelligence systems. This agreement provides for significant revenues estimated at approximately $60 million.

Reddit's AI licensing agreements are important to their strategy of increasing revenue through collaboration with other companies. As Reddit plans to go public, these documents become a key element of their business operations. They allow Reddit to license content created by users for use in training artificial intelligence in other companies.

Reddit stated in its official announcement that it does not consider itself guilty of any unfair or deceptive practices. However, they express their readiness to cooperate with the regulator to resolve any possible issues that may arise in relation to these agreements.

The FTC has also expressed interest in other companies, including Microsoft, Alphabet and Amazon, in connection with their investments in artificial intelligence startups.

Source: Engadget