Now, a group of technologists and web publishers has launched a system that would enable data licensing at massive scale - provided AI companies take them up on it. Called Real Simple Licensing (RSL), the system is already being backed by major web publishers like Reddit, Quora and Yahoo. The question now is if that momentum will be enough to bring major AI labs to the bargaining table.
The social media advertising market is currently valued at about $234 billion, according to Statista, and growing. Reddit is benefiting from this tailwind, but what makes the stock a particularly compelling growth stock to buy is the company's data from user discussions, which is valuable for AI model makers. The stock is up more than 40% year to date, putting it on course to rise substantially over the next five years from continued growth of the platform.