Reddit reveals FTC inquiry into deals licensing its users' data for AI training

Reddit says the Federal Trade Commission has opened an inquiry into the social media platform's sale, licensing or sharing of user posts and other content to outside organizations for use in training artificial intelligence models. The company disclosed the inquiry Friday in a filing with the Securities and Exchange Commission that cited a letter from the FTC dated Thursday. Reddit, like many other social media platforms, has expressed interest in business deals whereby AI companies pay to access databases of user posts that AI models can use to refine their ability to converse, answer questions and produce written work and images on request.