The news: Reddit is suing AI startup Anthropic, accusing the firm of scraping its site more than 100,000 times without permission.
Zooming out: This comes at a critical moment for Reddit, which has been expanding its data licensing business and launching AI-based features for users (like Reddit Answers) while also depending on advertising revenues. Anthropic, recently valued at $61.5 billion, is accused of enriching its product without paying for the data Reddit sees as central to its commercial model.
Why it matters: Reddit’s business revolves around attention.
You've read 0 of 2 free articles this month.
One Liberty Plaza9th FloorNew York, NY 100061-800-405-0844
1-800-405-0844sales@emarketer.com