Reddit has regulatory challenges due to the increasing usage and popularity of AI.
In February, Reddit and Google reached an annual deal worth $60 million.
A U.S Federal Trade Commission (FTC) investigation into Reddit’s data licensing policies for AI training has begun. In the midst of getting ready for its highly anticipated initial public offering (IPO), the firm is being investigated.
A revised Form S-1 registration statement was filed with the U.S. SEC by Reddit on March 15, 2024, the day after the platform received notification of the FTC probe. This statement disclosed the investigation.
Regulatory Challenges Due to AI Link
Because these technology and commercial arrangements are so novel, Reddit said in its submission that it is unsurprised by the FTC’s interest. Nonetheless, Reddit maintained that it had not participated in any misleading or unfair business practices. Reddit has regulatory challenges due to the increasing usage and popularity of AI, which are
We współpracy z: https://thenewscrypto.com/u-s-ftc-investigates-reddits-data-licensing-policies-amid-ipo-preparations/
