Source:https:\/\/techcrunch.com\/2023\/04\/18\/reddit-will-begin-charging-for-access-to-its-api\/<\/a><\/br>
\nReddit will begin charging for access to its API<\/br>
\n2023-04-18 21:42:16<\/br><\/p>\n

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Following on the heels of Twitter\u2019s decision to restrict<\/a> third-party access to its data, Reddit today announced<\/a> that it\u2019ll begin charging for use of its API.<\/p>\n

It\u2019s not a blanket policy change. As reported by The New York Times, Reddit\u2019s API will remain free to developers who want to build apps and bots that help people use Reddit, as well as to researchers who wish to study Reddit for strictly academic or noncommercial purposes.<\/p>\n

But companies that \u201ccrawl\u201d Reddit for data and \u201cdon\u2019t return any of that value\u201d to users will have to pay up,\u201d Reddit co-founder and CEO Steve Huffman told The Times.<\/p>\n

\u201cIt\u2019s a good time for us to tighten things up,\u201d Huffman said. \u201cWe think that\u2019s fair.\u201d<\/span><\/p>\n

The move comes as Reddit looks for ways to monetize its vast array of user-generated content, which as The Times notes has been increasingly used to train high-profile, text-generating machine learning models such as OpenAI\u2019s ChatGPT and GPT-4. As of 2019, Reddit had over<\/a> 430 million monthly active users across more than 1.2 million special interest communities, 138,000 are active<\/a>.<\/p>\n

Huffman told The Times that he believes Reddit data is particularly valuable because it\u2019s continuously updated.<\/p>\n

\u201cThe Reddit corpus of data is really valuable,\u201d he reiterated. \u201cMore than any other place on the internet, Reddit is a home for authentic conversation. There\u2019s a lot of stuff on the site that you\u2019d only ever say in therapy, or AA, or never at all \u2026 But we don\u2019t need to give all of that value to some of the largest companies in the world for free.\u201d<\/p>\n

Shareholders could be the motivator. Reddit hasn\u2019t announced the details of its API pricing yet. But the company is preparing for a potential initial public offering sometime later this year, and investors will be looking for growth in \u2014 or entirely new streams of \u2014 revenue.<\/p>\n

Reddit, which was valued at around $10 billion in August 2021, is estimated<\/a> to have made $350 million from ads two years ago. That total pales in comparison to Meta\u2019s and even Twitter\u2019s ad revenues. Meta made<\/a> $113 billion in 2022, while Twitter, despite its many<\/a> controversies<\/a>, raked in<\/a> nearly $7 billion.<\/p>\n

In news related to the API policy change, Reddit today said that it hopes to incorporate more AI into how the site operates, such as identifying the use of AI-generated text on Reddit and adding a label that notifies users that a comment might\u2019ve come from a bot. Reddit also aims to improve its moderation tools and the third-party bots that help moderators monitor the forums.<\/p>\n<\/p><\/div>\n

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Science, Tech, Technology<\/br>
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\nSource:https:\/\/techcrunch.com\/2023\/04\/18\/reddit-will-begin-charging-for-access-to-its-api\/<\/a><\/br><\/br><\/p>\n","protected":false},"excerpt":{"rendered":"

Source:https:\/\/techcrunch.com\/2023\/04\/18\/reddit-will-begin-charging-for-access-to-its-api\/ Reddit will begin charging for access to its API 2023-04-18 21:42:16 Following on the heels of Twitter\u2019s decision to restrict third-party access to its data, Reddit today announced that it\u2019ll begin charging for use of its API. It\u2019s not a blanket policy change. As reported by The New York Times, Reddit\u2019s API will remain […]<\/p>\n","protected":false},"author":1,"featured_media":29287,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"nf_dc_page":"","om_disable_all_campaigns":false,"pagelayer_contact_templates":[],"_pagelayer_content":"","_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[26,17,8],"tags":[],"class_list":["post-29286","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-science","category-tech","category-technology"],"yoast_head":"\n