JesusReddit sues Anthropic, alleging its bots accessed Reddit more than 100,000 times since last July
g0nz0li0I hope they lose this case badly.
For the concerns I have about AI and stealing others work, I want to see Reddit burn for pretending that they are all about community and connection, while actively harming their users’ experience on the platform and attempting to profit off their content.
NocturnalMorningYeah, something about a company making billions of dollars off completely user generated content and moderation just runs me the wrong way. As much as I hate Facebook, they at least pay people to do moderation there, and regularly update their site (as shitty as it is). I dont use either anymore, and I hope they die in a pit of flames owing billions to their shareholders.
Shareholders of these companies are likely you or I, as they are so big they are significant parts of index funds purchased by retirement funds and the like
danA lot of people don’t realise that around 40% of the value of the S&P 500, and the majority of the Nasdaq 100 (i.e. QQQM) is big tech companies.
You could always build a portfolio that excludes companies you feel are unethical (for example, exclude oil and gas companies, exclude big tech, etc), but if you were to exclude all companies that have done something unethical then you’d probably end up with the S&P 0 (an empty list)
Maybe our quality of life, livelihood, and retirements should not be bound to for-profit corporations?
Our retirement plans didn’t used to be tied to the stock market. So clearly there’s a way to have retirement plans that don’t tie the entire middle class to the success of every large corporation.
Well, there’s the Defined Benefit pension, however typically these pension funds then become institutional investors who seek to own shares in… you guessed it - stocks.
At least those institutional investors are at least somewhat responsive to public pressure campaigns, as the state/local comptrollers are a politically appointed position.
When you give your money to a 401k, the fund manager gets all the voting rights on the corporate board and is generally only accountable to “A reasonable rate of return”