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OpenAI’s Sam Altman Revealed As One of Reddit’s Biggest Shareholders (www.hollywoodreporter.com)

submitted 8 months ago by Renneder@sh.itjust.works to c/becomeme@sh.itjust.works

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[–] autotldr@lemmings.world 2 points 8 months ago

This is the best summary I could come up with:

The Reddit IPO appears set to move forward, with the tech platform filing its form S-1 with the Securities and Exchange Commission on Thursday.

The form lists a variety of new details about the site, including its financials, risk factors, and key business lines.

“Our content is particularly important for artificial intelligence (‘AI’) – it is a foundational part of how many of the leading large language models (‘LLMs’) have been trained,” the company writes in the S-1.

We expect our data advantage and intellectual property to continue to be a key element in the training of future LLMs.”

News reports have pegged the partner as Google, which is using Reddit data to train its Gemini LLM.

According to the filing, Huffman’s total compensation in 2023 was $193.2 million, though that was almost all in the form of stock and option awards, which may or may not vest, depending on the company’s performance.

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