The Federal Trade Commission (FTC) is investigating Reddit's plan to allow artificial intelligence (AI) companies to use user-generated content for training their software, according to Reddit's filing with the Securities and Exchange Commission (SEC). filing Friday.
The investigation is happening shortly before Reddit's planned public offering, which it filed for last month. filing The investigation is happening shortly before Reddit's planned public offering, which it filed for last month.
Reddit received a letter from the FTC on Thursday, but was not surprised by the inquiry.
The FTC is conducting a non-public inquiry focused on Reddit's sale, licensing, or sharing of user-generated content with third parties to train AI models. Reddit stated that it does not believe it has engaged in any unfair or deceptive trade practice.
Reddit stated that it does not believe it has engaged in any unfair or deceptive trade practice.
In February, Reddit announced a deal with Google worth $60 billion allowing Google to utilize its data application programming interface (API) to train its AI models. announced In February, Reddit announced a deal with Google worth $60 billion allowing Google to utilize its data application programming interface (API) to train its AI models.
The disclosure of the probe was an amendment to Reddit's IPO filing.
The probe does not imply a full investigation will be carried out on Reddit.
