The FTC opened an inquiry into Reddit's sale of user-generated content for AI model training.
Reddit disclosed that the Federal Trade Commission (FTC) has opened an inquiry into its sale, licensing, or sharing of user-generated content with third parties for training AI models. Reddit revealed this in a filing with the Securities and Exchange Commission, citing a letter from the FTC. The company believes its engagement in these practices is not unfair or deceptive. The FTC's interest in Reddit's AI-related business practices comes as the platform prepares for its initial public offering.
March 15, 2024
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