The developer of Reddit’s app claims that the platform’s latest API regulations will result in an annual loss of $20 million.


The developer of one of the most popular third-party Reddit apps, Apollo, is raising concerns about Reddit’s plan to charge for API access. The new API pricing could force the developer to spend millions of dollars to keep his app going in its current form.

Last month, Reddit announced significant changes to its API rules, citing the increasing use of their platform by AI companies to train large language models. Reddit CEO Steve Huffman explained that the Reddit corpus of data is valuable, but they don’t want to give all of that value to some of the largest companies in the world for free.

However, it appears that independent app makers will also be subject to the pricier new plans, which will take effect on June 19th. While Reddit has not officially disclosed its API pricing, Christian Selig, the sole developer of Apollo, claims that he would have to pay $20 million to keep his app going.

2023-05-31 15:39:11
Link from www.engadget.com rnrn

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