article thumbnail

Reddit’s Strategic Play Lands it a $60M Content Licensing Deal Before IPO

IT Toolbox

Almost a year after Reddit made difficult changes to monetize its data at the expense of losing some important users, the company reportedly secured a $60 million deal. Content licensing deal for AI training is thus the new business model on the block.

Licensing 264
article thumbnail

LG will license its webOS software to other TV brands

The Verge

But that redesign isn’t something that buyers of licensed webOS TVs will have to think about — at least not yet. In licensing its platform to other TV brands, LG is following in the footsteps of Roku and Amazon, each of which has joined with third parties to release Roku TVs and Fire TV Edition TVs, respectively.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Trending Sources

article thumbnail

Seattle tech leaders launch nonprofit to push for greater transparency in AI training data

GeekWire

One of the most pressing issues is the lack of regulation and oversight of the data used to train AI models. Jaisimha and Eleveld discussed concerns about issues with AI transparency and unconstrained training data while camping on Whidbey Island. You can trace the outputs … to what the inputs or the training data was.”

Nonprofit 111
article thumbnail

The Financial Lens: Data-Driven Insights for Publishing Success

Kitaboo

Much like Bloomberg uses AI to identify patterns and prevent fraud in its financial operations, and The New York Times leverages AI to provide personalization, other publishing businesses must also follow suit and leverage their Big Data towards financial enlightenment. This helps maintain member retention to create stable revenue streams.

article thumbnail

Reddit is going public. Will its unruly user base revolt?

Vox

It’s hoping to offer more advertisers access to its 73 million daily active users, many of whom come to Reddit looking for product recommendations. Advertisers could then target users based on their interests. The advent of AI large language models like Google Gemini has opened up new opportunities in licensing. million in 2023.

article thumbnail

U.S. senators question Amazon about its use of palm-reading biometric data

GeekWire

New Amazon CEO Andy Jassy is facing questions about how the company plans to use the data it gathers from its newly installed palm-reading scanners in some of the company’s retail outlets. Specifically, the senators expressed concerns about Amazon’s own history with its user data. GeekWire Photo / Todd Bishop).

Data 133
article thumbnail

T-Mobile data breach exposed the personal info of more than 47 million people

The Verge

T-Mobile has released more information about its most recent data breach , and while the company’s findings fall short of the reported 100 million records, the numbers are staggering. Photo by John Lamparski/SOPA Images/LightRocket via Getty Images. million postpaid customers (those who currently have a contract) were stolen.

Mobile 114