Reddit Will Start Charging Big Companies for API Access

that it will introduce a “new premium access point for third parties who require additional capabilities, higher usage limits, and broader usage rights.

” The company says it will update its Terms and Conditions to clarify what cases are acceptable to utilize Reddit’s data, saying as of Tuesday, developers and third parties will be notified of the new terms which will take effect within 60 days of receiving the notice., “Crawling Reddit, generating value, and not returning any of that value to our users is something we have a problem with,” Mr. Huffman said. “It’s a good time for us to tighten things up.” He added, “We think that’s fair.

A lot of tech startups think this is the quickest path to revenue. Just monetize the API - Twitter is trying it, Reddit now. It's just going to create an exodus away from these platforms.

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Reddit will charge companies for API access, citing AI training concerns | EngadgetReddit will begin charging companies for access to the API and collections of data typically used to train large language models and related AI platforms. AI data is the one thing, monetary incentives the other thing. it feels a lot like tech layoffs. one company took the bullet and the others followed since they could all refer to this particular case without being the bad guy.
Source: engadget - 🏆 276. / 63 Read more »