Author Archives: pappp

Source: Engadget

After years of speculation, Reddit has officially filed paperwork for an Initial Public Offering on the New York Stock Exchange. The company, which plans to use RDDT as its ticker symbol, will also allow some longtime users to participate by buying shares.

In a note shared in the company’s S-1 filing with the SEC, Reddit CEO Steve Huffman said that many longtime users already feel a “deep sense of ownership” over their communities on the platform. “We want this sense of ownership to be reflected in real ownership—for our users to be our owners,” he wrote. “With this in mind, we are excited to invite the users and moderators who have contributed to Reddit to buy shares in our IPO, alongside our investors.”

The company didn’t say how many users might be able to participate, but said that eligible users would be determined based on their karma scores while “moderator contributions will be measured by membership and moderator actions.”

The filing also offers up new details about the inner workings of Reddit’s business. The company had 500 million visitors during the month of December and has recently averaged just over 73 million “daily active unique” visitors. In 2023, the company brought in $804 million in revenue (Reddit has yet to turn a profit). The document also notes that the company is “exploring” deals with AI companies to license its content as it looks to expand its revenue in the future.

Earlier in the day, Reddit and Google announced that they had struck such a deal, reportedly valued at around $60 million a year. “We believe our growing platform data will be a key element in the training of leading large language models (“LLMs”) and serve as an additional monetization channel for Reddit,” the company writes.

Source: Hacker News

Source: Hacker News

Source: Ars Technica

Enlarge (credit: Reddit)

On Friday, Bloomberg reported that Reddit has signed a contract allowing an unnamed AI company to train its models on the site's content, according to people familiar with the matter. The move comes as the social media platform nears the introduction of its initial public offering (IPO), which could happen as soon as next month.

Reddit initially revealed the deal, which is reported to be worth $60 million a year, earlier in 2024 to potential investors of an anticipated IPO, Bloomberg said. The Bloomberg source speculates that the contract could serve as a model for future agreements with other AI companies.

After an era where AI companies utilized AI training data without expressly seeking any rightsholder permission, some tech firms have more recently begun entering deals where some content used for training AI models similar to GPT-4 (which runs the paid version of ChatGPT) comes under license. In December, for example, OpenAI signed an agreement with German publisher Axel Springer (publisher of Politico and Business Insider) for access to its articles. Previously, OpenAI has struck deals with other organizations, including the Associated Press. Reportedly, OpenAI is also in licensing talks with CNN, Fox, and Time, among others.

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Source: Hacker News

Source: The Register

The lessons of yesteryear's OS are getting lost in translation

FOSDEM 2024  There are vital lessons to be learned from the history of Unix, but they're being forgotten. This is leading to truly vast amounts of wasted effort.…

Source: Ars Technica

Enlarge / An actual laboratory rat, who is intrigued. (credit: Getty | Photothek)

Appall and scorn ripped through scientists' social media networks Thursday as several egregiously bad AI-generated figures circulated from a peer-reviewed article recently published in a reputable journal. Those figures—which the authors acknowledge in the article's text were made by Midjourney—are all uninterpretable. They contain gibberish text and, most strikingly, one includes an image of a rat with grotesquely large and bizarre genitals, as well as a text label of "dck."

AI-generated Figure 1 of the paper. This image is supposed to show spermatogonial stem cells isolated, purified, and cultured from rat testes. (credit: Front. Cell Dev. Biol., Guo, Dong, Hao)

On Thursday, the publisher of the review article, Frontiers, posted an "expression of concern," noting that it is aware of concerns regarding the published piece. "An investigation is currently being conducted and this notice will be updated accordingly after the investigation concludes," the publisher wrote.

The article in question is titled "Cellular functions of spermatogonial stem cells in relation to JAK/STAT signaling pathway," which was authored by three researchers in China, including the corresponding author Dingjun Hao of Xi’an Honghui Hospital. It was published online Tuesday in the journal Frontiers in Cell and Developmental Biology.

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Source: OSNews

The European Court of Human Rights yesterday banned a general weakening of secure end-to-end encryption. The judgement argues that encryption helps citizens and companies to protect themselves against hacking, theft of identity and personal data, fraud and the unauthorised disclosure of confidential information. Backdoors could also be exploited by criminal networks and would seriously jeopardise the security of all users’ electronic communications. There are other solutions for monitoring encrypted communications without generally weakening the protection of all users, the Court held. The judgement cites using vulnerabilities in the target’s software or sending an implant to targeted devices as examples.

↫ EU Reporter

Excellent ruling, and it throws up another roadblock to weakening end-to-end encryption in the EU, after the European Parliament also took a stance against such weakening.

Source: Hacker News

Source: Hacker News