Reddit Inc. plans to leverage artificial intelligence for revenue by selling content to companies for AI training, (REUTERS) AI 

Reddit highlights another source of revenue beyond ads: Profitable AI agreements

Reddit Inc. announced on Thursday that artificial intelligence will play a significant role in its business, as stated in its highly anticipated initial public offering filing. This move is expected to open up a potentially lucrative yet controversial revenue stream for the company. San Francisco-based Reddit, a platform that hosts discussions on thousands of different topics, makes most of its money by selling ads that appear alongside social content. In its filing, the 19-year-old company outlined another additional business: selling content to companies that build chatbots like ChatGPT. Big tech…

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Google will now be able to use Reddit's huge repository of user discussions to train its AI models. Here's what you must know. AI 

Reddit has agreed to a $60 million deal allowing Google to utilize its posts for training AI models.

Reddit has struck a deal with Google that allows the search giant to use the chat site’s messages to train its artificial intelligence models and improve services such as Google Search. The deal, announced Thursday, is valued at about $60 million and will give Reddit access to Google AI models to improve internal site search and other features. Reddit declined to comment or answer questions beyond a written statement about the deal. The San Francisco-based company announced separately on Wednesday its plans to go public. In filings with the Securities…

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Reddit whose users helped fuel the meme-stock frenzy that made 2021 a banner year for equities, is weighing an IPO. (Getty Images via AFP) News 

Reddit Ready to Take the Plunge: Class of 2024 IPO Candidates Dive In!

According to sources, Reddit Inc. is once again in discussions with potential investors regarding an initial public offering (IPO) for the social media company. This comes as the market eagerly anticipates the reopening for new listings. The San Francisco-based firm, known for its role in the meme-stock frenzy that boosted equity markets in 2021, is considering an IPO as early as the first quarter of this year. Reddit had previously partnered with Morgan Stanley and Goldman Sachs Group Inc. for the listing, with a potential valuation of up to $15…

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Know all about this new Reddit feature that makes searching for images much easier than before. (Bloomberg) News 

Reddit App Introduces Image Search Functionality

Reddit, a popular social media platform functioning as a forum, is divided into numerous communities called subreddits. Within these subreddits, members engage in posting, commenting, and discussing various subjects. While Reddit is known for its abundance of images, including memes, amusing pictures, stunning artwork, and wallpapers for desktops and smartphones, it previously lacked image-focused search tools. However, this is no longer the case as the platform has introduced a new feature on its iOS and Android apps, enabling users to exclusively search for images. The feature is only available on…

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Know all about Reddit Keyword Research Tool. (Bloomberg) News 

Reddit Tool Helps Build Powerful Database and Craft Precise Content

Creating a robust and efficient keyword database can be a time-consuming and costly endeavor. However, for bloggers, online content creators, and website owners, it is essential for organic growth. If you are unable to invest significant time or money into building a database, there are alternative methods available. While Google Trends is a popular choice, it lacks a comprehensive understanding of grassroots-level topics and their context. Similarly, the X trending section (formerly Twitter) provides limited insight into niche keywords. So, what is the solution? We have discovered that the Reddit…

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A small number of brands are now 'Official' on the platform. News 

Reddit Introducing Verification Labels for Brands

Reddit is currently conducting early tests on its platform for verification badges, introducing a fresh “Official” label. As per a Reddit admin’s post, this new label is exclusively accessible to a limited number of organizations (numbering in the double digits) that already have established connections with Reddit. The label will be displayed alongside their usernames, much like the current implementation of flairs. Reddit clarifies that this should not be taken as an endorsement or promotion by it, and is simply to identify genuine brand accounts. “The badge is a visual…

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Reddit r/place inspiring thematic pixel art. Check out what it is and how to participate. (Reddit) Space 

Stunning Art on Reddit’s r/place Showcased by ISRO Spacecraft UPI

Reddit’s annual pixel art campaign, known as ‘Place’ or ‘r/place’, has become incredibly popular among users over the years. If you’re unfamiliar with the term r/place, it’s essentially a yearly campaign where users are given a blank canvas and encouraged to contribute one pixel every 5 minutes to collectively create impressive artwork. This initiative holds great significance as it is Reddit’s most important annual campaign, and Indian users have shown a special appreciation for certain artworks. With India’s progress in mind, Redditors have created beautiful works of art that show…

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An admin account is in sole charge of r/malefashionadvice, which has 5.4 million subscribers. News 

Reddit Regulates Subreddit that Protested API Alterations

In accordance with its promise, Reddit has assumed control of subreddits that went offline in protest of modifications to the platform’s API. The administrator account u/ModCodeofConduct has now assumed full responsibility for r/malefashionadvice, a thriving community boasting over 5.4 million subscribers. The subreddit joined thousands of others in shutting down in mid-June to show their opposition to the new API rules. Other subreddits allowed users to post porn in protest. Third-party developers used the API to build thousands of apps that connect to Reddit. Many of their apps helped with…

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The Glorbo ruse secured coverage on a garbo website. Gaming 

Redditors Trick AI Content Generator Into Writing About Fake ‘World of Warcraft’ Update

A new World of Warcraft feature called Glorbo has generated a lot of excitement among certain redditors, who believe it will have a significant impact on the game. The enthusiasm shown by these individuals for Glorbo has caught the interest of The Portal, a blog that shares gaming content supported by Z League, an app designed to unite gamers. Just one problem: Glorbo isn’t real. The portal appears to use artificial intelligence to scrape Reddit posts and turn them into content. Redditor u/kaefer_kriegerin noticed that The Portal was seemingly turning…

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r/malefashionadvice is now open but only certain members can post on the subreddit. (Bloomberg) News 

Reddit Assumes Control of Major Protest Subreddit After Dismissing Moderators

For over a month, protests on Reddit have been ongoing due to the company’s changes in API pricing. During this time, numerous third-party applications ceased their operations, citing the excessively high costs for API requests. In a show of support for these app developers, many subreddit moderators made their subreddits private for 48 hours, preventing any viewing, posting, or commenting. Unfortunately, this pressure tactic did not yield the desired results, and certain subreddits decided to remain inaccessible for an indefinite period. One such subreddit participating in the protest was r/malefashionadvice,…

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:Reddit faces fine in Russia (REUTERS) News 

Russia Imposes Fine on Reddit for Refusal to Remove Prohibited Content

According to a Moscow court, Reddit, a popular social media platform, may be subjected to a fine in Russia for the first time. The fine is being imposed due to the site’s failure to remove content that Moscow claims tarnishes the reputation of the Russian army, as reported by the Interfax news agency on Wednesday. Reddit joins a list of sites under review in Russia that have not removed content Moscow deems illegal, including Wikimedia, streaming service Twitch and Google. Reddit could be fined up to 4 million rubles ($43,895)…

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The company is putting its Dutch operations up for sale. News 

VanMoof Files for Bankruptcy Protection

VanMoof, an electric bike company, has filed for bankruptcy for all its Dutch entities and is now seeking a buyer within the “next few weeks.” The court of Amsterdam has also lifted the suspension of payment proceedings and appointed two trustees to oversee the potential sale of VanMoof’s assets to ensure the company’s continued operation. The news was initially communicated to Dutch employees via a mass email, which was later shared on Reddit. The bankruptcy filing comes for VanMoof less than two years after it claimed to be the “world’s…

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There may be a way to recover some data. News 

Reddit to Purge Years of User Conversations and Messages

If you have nostalgic memories of conversing with friends on Reddit, it may be worth checking your archives. Reddit has officially acknowledged user claims that it is deleting all chats and messages predating 2023. In June, the social platform clarified that this action is part of its transition to a new chat system, aiming to facilitate a seamless and efficient shift to the updated architecture. Although the change was implemented on June 30th, several users only became aware of it after a few days. There may be a way to…

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Reddit is implementing new API prices starting from today—July 1, 2023. As a result, several popular third-party Reddit clients, such as Apollo, BaconReader, and Sync for Reddit, have been forced to shut down. News 

Third-Party Apps Like Apollo and Sync Shutting Down Due to Reddit’s Updated API Prices

It has been nearly a month since Reddit faced widespread protests and anger regarding the introduction of new API prices, which took effect on July 1, 2023. Consequently, numerous well-liked third-party Reddit applications, including Apollo, BaconReader, and Sync for Reddit, have been compelled to cease their operations. Now when you try to open Apollo on Reddit, it says “Thank you” followed by a note from its founder, Christian Selig. “Apollo shut down on June 30 due to Reddit’s drastic and sudden API price hikes for developers.” Christian Selig said in…

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Reddit protests were held to oppose the new API changes by the company. (REUTERS) News 

Reddit Sees Decrease in Engagement and Active Users Amid Protests

In June, an unprecedented conflict unfolded between a social media platform and its users over policy decisions. Reddit made headlines when it unveiled a new pricing change for its API, aimed at preventing AI platforms from utilizing the website’s data for training purposes. Unfortunately, this move had an unintended consequence for third-party apps, which were suddenly burdened with exorbitant fees to access Reddit’s data. This sparked a major disagreement between the platform’s administrators and the community, leading to protests and a significant decline in website traffic and active users for…

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Minecraft developer pulls away from making official posts on Reddit. (Dan Keck/Pixabay) News 

Minecraft Developer Leaves Reddit, Refuses to Post Anymore “Official Content”

Reddit is facing ongoing issues as it prepares to implement its planned changes on July 1. Following the announcement of new pricing for API requests, numerous third-party apps have expressed their inability to sustain operations and will consequently shut down. In response, numerous subreddits have gone private in protest, with some remaining private even after the designated 48-hour period. Other communities have penned an open letter urging the company to find a resolution. Today, a Minecraft developer made a post declaring their decision to disengage from Reddit, stating that they…

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Moderators of r/TranscribersOfReddit also blamed API changes. News 

Reddit Transcription Group to Close Due to Loss of Confidence in Platform

The r/TranscribersOfReddit community, consisting of Reddit volunteers who transcribe media from other subreddits, is shutting down. The decision to close the community is partly due to changes in Reddit’s API, which will start charging for access on July 1st. The community will cease operations on June 30th. The group transcribes media from about 100 subreddits. It aimed to provide temporary solutions to Reddit’s missing accessibility features, such as alternative text, while urging the company to address such “deficiencies,” according to Transcribers Of Reddit moderator Rebekah Ginsburg. As reported by The…

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And Reddit reportedly removed their moderators in response. News 

Subreddits Rally to Protest Reddit’s API Changes by Allowing Porn Content

Although many subreddits that went offline to protest the website’s API modifications are now back up and running, some moderators are still demonstrating against the changes on the platform. According to The Verge, a few well-known subreddits that previously banned porn are now permitting users to post NSFW or Not Safe For Work content. These communities include r/interestingasfuck, r/TIHI (Thanks, I Hate It), r/mildlyinteresting, and r/videos. In the case of r/TIHI, for example, a pinned post says the subreddit is removing a rule banning extreme NSFW content and now welcomes…

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Reddit removes protesting moderators from their position. (Bloomberg) News 

Reddit responds to API price increase protests from moderators

It has been reported that Reddit moderators who joined the protests against the company’s API pricing change have been removed from their positions. Those who changed their subreddit’s label to NSFW, indicating the allowance of sexual content, were among those suspended. The protests began on June 12, with many Reddit communities going private to express their dissatisfaction with the planned price increases for API requests, which resulted in several third-party apps ceasing operations from June 30. It is believed that the Moderators were suspended for making their community NSFW. Usually,…

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Ransomware gang BlackCat is likely behind a February attack on the company. News 

Hackers on Reddit Issue Ultimatum for $4.5 Million and API Alterations or Risk Leak of 80GB of Data

Reddit disclosed in February that it had fallen prey to a focused phishing attack that resulted in the exposure of confidential documents, code, dashboards, and contracts, as well as the personal information of some advertisers and current and former employees. Although none of the data has been made public, this could change soon. BlackCat, also known as ALPHV, a ransomware gang, has claimed responsibility for the breach and says it has 80GB of compressed data. In a post titled “The Reddit Files,” BlackCat has stated that it will erase the…

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