This is a most excellent place for technology news and articles.
Huh.
Does anyone else think that ChatGPT is still using the data, they’re just not referencing Reddit directly?
This is how you can tell Reddit’s $200+/share price is insane. Over 10% of its value dropped based on a different unprofitable company’s references to ingested content.
Yikes!!
Reddit’s value is its ability to use bots to manipulate and distribute information. It’s just like Twitter, meta and all the other social media platforms.
No, it's value is that users have up voted and down voted good and bad data. This gives the AI training data that has been crowd sourced by humans. Bots manipulating votes would destroy the value of Reddit.
Bots have been controlling votes on Reddit for years. It costs about $50 to get to the front page of Reddit.
There are absolutely vote manipulation campaigns still happening.
See this from 12 days ago: https://old.reddit.com/r/privacy/comments/1nldj4m/why_are_we_all_just_accepting_metas_new_spy/?sort=old
12 days ago almost every top-level comment was below -50 and responses were untouched.
Yes, but Oracle's stock skyrocketed based on the unprofitable OpenAI promising to buy >100B worth of AI data center space from Oracle. Nvidia stock also surged on the news, since Oracle builds those data centers with Nvidia chips
Obviously OpenAI doesn't have the money to pay Oracle themselves, so Nvidia has helpfully given them the money
So now we have an incredibly large cyclic corporate dependency of money from Nvidia -> OpenAI -> Oracle, then back to Nvidia. Definitely not a financial disaster waiting to happen
The entire stock market has become a meme stock pyramid scheme. No price makes sense; it's all glorified gambling making life on this planet worse for most living things.
⚜︎ arscyni.cc: modernity ∝ nature.
While I don't agree with the reddit valuation to begin with...
that is actually how the stock market "should" work? Reddit is a company that, at its core, produces data to sell to other companies. If other companies choose to (say they are not going to) use that data, then the value of reddit drops. That is literally supply and demand.
If Stanley's Sprockets' sprockets are a vital part of iphones then Stanley's Sprockets is going to be a very valuable company. If Apple changes to the other dude's product, Stanley's Sprockets has now lost a lot of value.
This is how you can tell Reddit’s $200+/share price is insane.
Well, that and the P/E is 180. Typical target P/E on a stock is 15-20, depending on your anticipation of its growth. But we're expected to believe Reddit's earnings will be 9x their current income in... some nebulous amount of time?
Like, its silly to get excited about a company this hyperinflated seeing a tiny slide off its new peak. But also, you can't help be bearish on a firm this flimsy.
Couldn't happen to a nicer company
Reddit banned me today for making a joke that the patch title for Guild Wars 2 could match real life events.
What is the patch name? The Mad King and his Lunatic Court.
Permanently banned for what? Harassment.
Not how I expected GW2 to come up on Lemmy.... But here we are hahaha
I wish I could say I'm shocked. That site has fallen off so hard it's crazy. The censorship has gone mad. It's the main reason I'm here.
Wasted 15 years on that site to be banned for one fucking comment, burn baby burn.
Same. My comment was "fuck trump and Obama" arguing about using drones to order civilians abroad. Do you remember what your violent advocation was?
I suggested drawing in chalk on the street outside of the governor's mansion, to protest the GIANT chalk Christ she had commissioned across the driveway to celebrate Easter one year.
It wasn't even a serious call to action.
Good. Fuck u/Spez.
Keep in mind if the Reddit stock price fell too much some hedge fund vulture would buy up a majority of the stock and then turn it into Nazi town.
Even better then. That's how the mass migration from twitter happened.
I don't care about their stock value but the situation fells so weird. So chatgpt refers to reddit less, and that makes reddit stock value fall. This really shows how much of the share value is pure hype and how much of "the economy" is pure manupulation of numbers instead of actual value.
How decoupled stocks are from reality or value. It’s bizarre.
Tesla is "larger" than all other car companies combined when they're virtually always "delayed" on actually shipping product. We live in bizarro world. Your livelihood is a single cell in a giant spreadsheet full of completely made-up numbers.
That's actually quite easy to explain. Reddits entire monetary value (or at least a very large portion) depends on how relevant it is as platform to mine user interactions - to use as training material for AI.
Reddit getting references less is a sign that the models, or the owning companies, value reddit data less compared to before.
The fact that any AI company thought to train their LLM on the answers of Reddit users speaks to a fundamental misunderstanding of their own product (IMO)
LLMs aren't programmed to give you the correct answer. They're programmed to give you the most pervasive/popular answer on the assumption that most of the time that will also happen to be the right one.
So when you're getting your knowledge base from random jackasses on Reddit, where a good faith question like "What's the best way to get get gum out of my childs hair" get's two two good faith answers, and then a few dozen smart-ass answers that gets lots of replies and upvotes because they're funny. Guess which one your LLM is going to use.
People (and apparently even the creators themselves) think that an LLM is actually cognizent enough to be able to weed this out logically. But it can't. It's not an intelligence...it's a knowlege agreggator. And as with any aggregator, the same rule applies
garbage in, garbage out
Thats why I have stopped calling it ai. Its a dumbass buzzword just like cloud, that tech bros like to use but cant explain (or blockchain).
Its llms, and image generators/OCR (which has been around for decades), Using complex markov chains and a fuck ton of graphics cards. NOT AI. NOT AI.
The main thing that AI has shown, is how much bullshit we subconsciously filter through every day without much effort. (Although clearly some people struggle a lot more with distinguishing between bullshit and fact, considering how much politicized nonsense has taken hold.)
Oh my god I somehow forgot that Reddit IPO8ng means I get to read stories like this.
Oh no, the world's most poorly managed and funded corporate social media website's with a publically traded stock is tanking, oh nooooo!
Ahahahah!
News about short term falls are just click bait. Just look at Tesla
Tesla stock ups and downs seem like someone is literally gaming the system.
That's because he is.
the fact that neither Musk nor none of his cronies ever get comeuppance for that tells you everything you need to know about the "fairness" of the "system".
This is certainly part of OpenAI's plan, and a warning shot to other user content-driven sites. An extortion play, if you will, which is business as usual now for fucks sake.
That's what pandering to the bigger techbros spez gets.
Being there stopped being fun ever since the shits started running a massive profile-and-purge program powered by fucking AI, as even casually mentioning violence against right-wingers or POTUS and his merry chucklefucks gets your account flagged for banning. That's why there's now a chilling effect.
Yeah, and it aged hard like milk.
All my accounts were banned except one, because I used a different email address for that one. Their "AI" isn't as advanced as they want you to think. They literally just track you by email and IP.
heh I wonder if all the "old" content getting messed with and/or removed is causing issues with the algorithm/scraper.
For unauthorized scrapers? Definitely
For paid API usage? That tends to not be public for obvious reasons but, allegedly, people have, allegedly, done tests and found "deleted" content in the results.
Oh no!
Anyways what's everyone having for lunch? I'm having bean burritos.
Downvoted because this isn't news. It's clickbaity nonsense which has no bearing on anything real.
I remember thinking back in 2021 or 2022 when it was announced they were going public that yep, this site is gonna be gone soon.
Good, hope it crashes.
Good. Nazi sympathizing shithole deserves nothing but the worst. Fuck spez and every complicit modgoloid and SSAdmin.
