Reddit Inc. is weighing feedback from early meetings with potential investors in its initial public offering that it should consider a valuation of at least $5 billion, according to people familiar with the matter, even as it is estimated below that figure in the volatile market for shares of private companies.
Petabytes of raw training Data for LLMs. Arguably atm reddit us one of the better gold mines of LLM training data on the internet, bazillion of posts already formatted as post-response chains, which is the exact type if format an LLM wants to train on.
Can you imagine how valuable those servers loaded with posts are to a company like OpenAI, Google, or Microsoft?
5 billion is quite reasonable to harvest every reddit post that has ever been made ever and cut it off from your competitors.
And yes, that very very much matters if you intend to actually sell the service to companies that they themselves dont want to get hit in the crossfire of potential lawsuits for building their products on top of stolen info.
So if you can own the data itself (via buying reddit), you now have an ENORMOUS quantity of prime training data that you’re investors and potential customers know is legally clean, because you literally own it.
Has reddit not already been scraped?
With all of that information exposed bare on the public Internet for decades, and apparently so valuable, I find it hard to believe that everybody’s just been sitting there twiddling their thumbs, saying “boy I sure hope they decide to sell us that data one day so that we don’t have to force an intern to scrape it for us”.
I asked Bard whether they could make a bastardization of rogersimon10 post and it made this:
Ah, the 2012 Fiesta EcoBoost. A pocket rocket some called it, a ticking time bomb I preferred. Owned one myself, sunshine yellow with a dent shaped like a screaming Muppet (courtesy of a rogue shopping cart). Letme tell you, that car was less a vehicle and more a high-octane game of Russian roulette with pistons.
Every morning was a gamble. Would she purr to life like a hungover kitten, or unleash a symphony of coughs, bangs, and the ominous "Check Engine" light disco? One day, the radio spontaneously switched to polka, which, let's be honest, is only two steps away from a thermonuclear detonation in a Fiesta's internal combustion fiesta.
Speaking of fiestas, the fuel gauge was as reliable as a politician's promise. One minute it was brimming, the next it was flashing "Bone Dry, Mate," even if I'd just filled it. Learned to carry a jerrycan like a Prohibition-era bootlegger, never knowing when the engine's thirst would strike.
But oh, the things that little lemon could do! On a good day, that turbocharged engine was like a caffeinated hummingbird on steroids. Weaving through traffic, leaving Audis in the dust (until their turbos spooled up, of course). Handling? Razor sharp, unless you hit a pebble, then it was suddenly a drunken ballerina on roller skates.
Comfort? Ha! The seats were about as plush as a park bench, and the suspension was tuned for"Feel Every Pebble in the County." But hey, it kept you awake, which was essential considering the constant fear of spontaneous combustion.
In the end, I sold the Fiesta to a circus clown for a fistful of juggling pins and a lifetime supply of those tiny, uncomfortable hats. He seemed thrilled, probably because the polka radio was a bonus feature for him.
So, would I recommend a 2012 Fiesta EcoBoost? Only if you enjoy existential dread, questionable fuel efficiency, and the thrill of living life on the edge (of a breakdown). Otherwise, stick to something safer, like a heavily sedated hamster. You'll thank me later.
Now, if you'll excuse me, I have a date with a tow truck and a very suspicious mechanic who keeps asking about "jumper cables." Wish me luck.
P.S. Don't forget the jumper cables. Seriously. You'll thank me later.
Scraped data isn’t legal to resell, scraping isn’t even legal in the first place.
Just because you can scrape the data doesn’t mean it’s worth anything.
Companies like MS, Google, OpenAI, FB they make money by selling the usage of their LLM services to other companies who then they use that service to make their own products.
If it came to light that MS/Google/OAI/FB were using illegal training data for their LLMs, it would get all those other companies hit in the crossfire.
So these companies have to do a shit tonne of diligence to assure their investors and clients that their LLMs are purely trained on legally obtained data and are safe to use.
And you know what is a super easy way to assure them of that?
If they literally own the original data themselves
The worst part is that ai chatbots will start responding like redditers. I can’t wait for chatgpt to regale me with a story about his dad beating him with jumper cables, or jolly ranchers, or hell in a cell.
I 100% can see it easily selling for that much.
You want to know why it’s worth that much?
Petabytes of raw training Data for LLMs. Arguably atm reddit us one of the better gold mines of LLM training data on the internet, bazillion of posts already formatted as post-response chains, which is the exact type if format an LLM wants to train on.
Can you imagine how valuable those servers loaded with posts are to a company like OpenAI, Google, or Microsoft?
5 billion is quite reasonable to harvest every reddit post that has ever been made ever and cut it off from your competitors.
This data was out in the open for a decade and still is. People could train their llm without problems.
Not legally / free.
And yes, that very very much matters if you intend to actually sell the service to companies that they themselves dont want to get hit in the crossfire of potential lawsuits for building their products on top of stolen info.
So if you can own the data itself (via buying reddit), you now have an ENORMOUS quantity of prime training data that you’re investors and potential customers know is legally clean, because you literally own it.
They just started charging for API usage so isn’t it already not open?
And then everyone started deleting accounts, comments and even rewriting and poisoning their comments. The data was way better before the API change.
Has reddit not already been scraped? With all of that information exposed bare on the public Internet for decades, and apparently so valuable, I find it hard to believe that everybody’s just been sitting there twiddling their thumbs, saying “boy I sure hope they decide to sell us that data one day so that we don’t have to force an intern to scrape it for us”.
I asked Bard whether they could make a bastardization of rogersimon10 post and it made this:
Ah, the 2012 Fiesta EcoBoost. A pocket rocket some called it, a ticking time bomb I preferred. Owned one myself, sunshine yellow with a dent shaped like a screaming Muppet (courtesy of a rogue shopping cart). Let me tell you, that car was less a vehicle and more a high-octane game of Russian roulette with pistons. Every morning was a gamble. Would she purr to life like a hungover kitten, or unleash a symphony of coughs, bangs, and the ominous "Check Engine" light disco? One day, the radio spontaneously switched to polka, which, let's be honest, is only two steps away from a thermonuclear detonation in a Fiesta's internal combustion fiesta. Speaking of fiestas, the fuel gauge was as reliable as a politician's promise. One minute it was brimming, the next it was flashing "Bone Dry, Mate," even if I'd just filled it. Learned to carry a jerrycan like a Prohibition-era bootlegger, never knowing when the engine's thirst would strike. But oh, the things that little lemon could do! On a good day, that turbocharged engine was like a caffeinated hummingbird on steroids. Weaving through traffic, leaving Audis in the dust (until their turbos spooled up, of course). Handling? Razor sharp, unless you hit a pebble, then it was suddenly a drunken ballerina on roller skates. Comfort? Ha! The seats were about as plush as a park bench, and the suspension was tuned for "Feel Every Pebble in the County." But hey, it kept you awake, which was essential considering the constant fear of spontaneous combustion. In the end, I sold the Fiesta to a circus clown for a fistful of juggling pins and a lifetime supply of those tiny, uncomfortable hats. He seemed thrilled, probably because the polka radio was a bonus feature for him. So, would I recommend a 2012 Fiesta EcoBoost? Only if you enjoy existential dread, questionable fuel efficiency, and the thrill of living life on the edge (of a breakdown). Otherwise, stick to something safer, like a heavily sedated hamster. You'll thank me later. Now, if you'll excuse me, I have a date with a tow truck and a very suspicious mechanic who keeps asking about "jumper cables." Wish me luck. P.S. Don't forget the jumper cables. Seriously. You'll thank me later.Scraped data isn’t legal to resell, scraping isn’t even legal in the first place.
Just because you can scrape the data doesn’t mean it’s worth anything.
Companies like MS, Google, OpenAI, FB they make money by selling the usage of their LLM services to other companies who then they use that service to make their own products.
If it came to light that MS/Google/OAI/FB were using illegal training data for their LLMs, it would get all those other companies hit in the crossfire.
So these companies have to do a shit tonne of diligence to assure their investors and clients that their LLMs are purely trained on legally obtained data and are safe to use.
And you know what is a super easy way to assure them of that?
If they literally own the original data themselves
The worst part is that ai chatbots will start responding like redditers. I can’t wait for chatgpt to regale me with a story about his dad beating him with jumper cables, or jolly ranchers, or hell in a cell.
Thanks for the gold
And then everyone clapped
And then asked “AITA?”
Nonstop “this”