Technology

Reddit apps to shut down over API pricing hike which could see bills hit $20m a year

a year ago

Anonymous $KxGqLmj_R3

https://techmonitor.ai/technology/software/reddit-api-blackout-price-hike

Some of the most popular apps and bots on Reddit will shut down at the end of the month after a major hike in the cost of using the site's API. The price is going from a few dollars for 50 million API calls to $12,000. The move mirrors one introduced by Elon Musk at Twitter earlier this year, and one expert told Tech Monitor data scraping to feed generative AI models was in part to blame for the shift in API pricing.
Announcing a series of changes to the popular community platform in April, Reddit CEO Steve Huffman described the Reddit corpus of data as “really valuable”. He told the the New York Times: “We don’t need to give all of that value to some of the largest companies in the world for free.”

Reddit apps to shut down over API pricing hike which could see bills hit $20m a year

Jun 9, 2023, 9:16am UTC

$KxGqLmj_R3

https://techmonitor.ai/technology/software/reddit-api-blackout-price-hike > Some of the most popular apps and bots on Reddit will shut down at the end of the month after a major hike in the cost of using the site's API. The price is going from a few dollars for 50 million API calls to $12,000. The move mirrors one introduced by Elon Musk at Twitter earlier this year, and one expert told Tech Monitor data scraping to feed generative AI models was in part to blame for the shift in API pricing. > Announcing a series of changes to the popular community platform in April, Reddit CEO Steve Huffman described the Reddit corpus of data as “really valuable”. He told the the New York Times: “We don’t need to give all of that value to some of the largest companies in the world for free.”