1222 sats \ 3 replies \ @zuspotirko 29 Jan \ on: Reddit Advised to Target at Least $5 Billion Valuation in IPO tech
I look forward to looking at their numbers, if they grow and if they have a raw margin at all
I could see them building a Google/OpenAI competitor with proprietary data advantage. But realistically, it's just an unprofitable website that will have to sell out like crazy to stay alive once the funding runs out
if one believes that AI platforms will need to pay for data access, Reddit’s valuation could significantly change.
it’s by no means a certainty, but insight into the legal outcome of the “AI vs. Creator” battle that is brewing could guide someone to making a bet for or against Reddit.
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My relative works for a big DC lawfirm. He said the publishers have been salivating for last year over the recent NYT lawsuit against OpenAI.
Supposedly, the rumor he heard, is that OpenAI did exactly what you would expect them to have done....that is as a small startup they went to places like zlibrary and downloaded all the epubs they could get as part of their corpus.
Microsoft involvement makes it worse, as now the 'owner' has deep enough pockets to pay.
I think this ends in 1 of 3 ways: (a) Publishers reach deal with Microsoft and take part ownership of Open AI, (b) Publishers get a spotify-style 'streaming' deal from Microsoft (.00001 per use), (c) Publishers get a huge one-time payout.
Of course there are other possibilities as well but I think these would be most likely.
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i hadn’t thought about the possibility of that first option before… would be kind of sad if that’s how this all played out.
options b and c seem more reasonable, but only option b really has the potential to fairly reward creators at every scale… though as @k00b mentioned in the AI poll thread, these things aren’t always fair.
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