Strong ad sales have propelled Steve Huffman into the billionaire ranks. Now he’s charting a new course, aiming to become invaluable to AI companies. Reddit has hit its stir After trudging through nearly two decades losing money, the platform recorded its first quarterly profit one year ago—and just posted its most lucrative financials yet. The company announced a net income …
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Reddit (RDDT) is set to report its third-quarter earnings after market close on Thursday, October 30, and Wall Street is bracing for a potentially large move. According to options pricing, traders are bracing for a 13.95% swing in either direction. This is slightly higher than the social media platform’s one-year average post-earnings move of 12.49%. Elevate Your Investing Strategy: Take advantage …
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from the this-is-bad-for-the-open-internet dept When Reddit sued “data scraper” companies and AI firm Perplexity earlier this week, I assumed it was another predictable skirmish over AI training data—the kind of case we’ve been tracking as companies try to wall off the open internet and set up toll booths. But reading the actual complaint made it clear this is something far …
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Reddit’s conversational AI product, Reddit Answers, suggested users who are interested in pain management try heroin and kratom, showing yet another extreme example of dangerous advice provided by a chatbot, even one that’s trained on Reddit’s highly coveted trove of user-generated data. The AI-generated answers were flagged by a user on a subreddit for Reddit moderation issues. The user noticed …
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