The Federal Trade Commission (FTC) is probing Reddit’s plan to let artificial intelligence (AI) firms utilize user-generated content to train their software, according to the social media company’s Securities and Exchange Commission (SEC) filing Friday.  The inquiry comes just days before Reddit is slated to complete its initial public offering, after filing for it last month.  Reddit said it received the letter from the FTC Thursday, according to the SEC filing, but clarified the company was not “surprised” by the inquiry.   Reddit said the FTC is conducting “a non-public inquiry focused on our sale, licensing, or sharing of user-generated content with third parties to train AI models. Given the novel nature of these technologies and commercial arrangements, we are not surprised that the FTC has expressed interest in this area.” “We do not believe that we have engaged in any unfair or deceptive trade practice.” 

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Channel News Asia

Singapore

Reddit receives FTC inquiry on AI-related deals ahead of IPO

Reddit says the Federal Trade Commission has opened an inquiry into the social media platform's sale, licensing or sharing of user posts and other content to outside organizations for use

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Reddit reveals FTC inquiry into deals licensing its users' data for AI training

Reddit says the Federal Trade Commission has opened an inquiry into the social media platform's sale, licensing or sharing of user posts and other content to outside organizations for use in training artificial intelligence models

abc News

The Walt Disney Company

The Federal Trade Commission is looking into Reddit’s licensing of platform content to artificial intelligence companies, the social media company disclosed Friday in a securities filing.

Warner Bros. Discovery

Atlanta

Fulton County

Georgia

Reddit discloses FTC probe into its AI content licensing practices

:Reddit said on Friday the U.S. Federal Trade Commission is conducting an inquiry focused on the company's sale, licensing and sharing of user-generated content with third parties to train artificial intelligence models."Given the novel nature of these technologies and commercial arrangements, we are not surp

Government of Singapore

Reddit said in an updated IPO prospectus on Friday that it's being investigated by the Federal Trade Commission for its data-licensing practices.

CNBC

Roberts family

FTC investigating Reddit over AI data-licensing practices ahead of IPO

The Federal Trade Commission (FTC) is probing Reddit’s plan to let artificial intelligence (AI) firms utilize user-generated content to train their software, according to the social media company’s Securities and Exchange Commission (SEC) filing Friday.  The inquiry comes just days before Reddit is slated to complete its initial public offering, after filing for it last…

The Hill

Nexstar Media Group

Washington

District of Columbia

FTC probing Reddit plan to let AI firms use user-generated content to train software

Reddit said Friday that the Federal Trade Commission has opened an inquiry into the social media platform's sale, licensing or sharing of its users' posts and other content to outside organizations for use in training artificial intelligence models.

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Reddit said Friday that the Federal Trade Commission has opened an inquiry into the social media platform’s sale, licensing or sharing of its users' posts and other content to outside organizations for use in training artificial intelligence models.The company disclosed the inquiry Friday in a filing with the Securities and Exchange Commission that cited a letter from the FTC dated Thursday. “Given the novel nature of these technologies and comm…

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Howard Buffett

Miami

Miami-Dade County

Florida

SAN FRANCISCO (AP) — Reddit said Friday that the Federal Trade Commission has opened an inquiry into the social media platform’s sale, licensing or sharing of its users’ posts and other content to outside organizations for use in training artificial intelligence models. The company disclosed the inquiry Friday in a filing with the Securities and Exchange Commission that cited a letter from the FTC dated Thursday.  “Given the novel nature of thes…

FTC probing Reddit plan to let AI firms use user-generated content to train software

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