Reddit CEO: Third-Party App Developers Have Made Millions, So They Should Pay for API Access

• The Future of Third-Party Reddit Apps: Will They Survive the API Changes?

• Binance.US Lays Off 50 Employees After SEC Charges.

• Google Bans AI Chatbots to Protect Sensitive Information.

The Future of Third-Party Reddit Apps: Will They Survive the API Changes?

Reddit CEO Steve Huffman defended the company's decision to charge third-party app developers for API access, saying that the developers have made millions of dollars using the platform. He told The Verge that "these aren't like side projects or charities. They've made millions."

Huffman's comments come after several popular third-party Reddit apps, including Apollo and RiffRaff, announced that they would be shutting down in protest of the API changes. The developers of these apps argue that the charges will make it too expensive for them to continue operating, and that they will ultimately hurt Reddit users by limiting the availability of high-quality third-party apps.

Huffman has said that the API changes are necessary to ensure that Reddit can continue to grow and improve. He argues that the charges will help to cover the costs of maintaining the API and will also help to prevent spam and abuse.

The API changes are set to go into effect on July 1, 2023. It remains to be seen how the changes will impact the availability of third-party Reddit apps.

Here are some additional details:

• The API changes will charge third-party developers a fee of $0.01 per 1,000 API calls.

• The developers of Apollo and RiffRaff estimate that the charges will cost them an additional $10,000 per month.

• Huffman has said that he is willing to work with the developers of third-party apps to find a solution that is fair to both parties.

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Binance.US Lays Off 50 Employees After SEC Charges

Binance.US, the U.S. affiliate of cryptocurrency exchange Binance, has fired around 50 employees following charges from the U.S. Securities and Exchange Commission (SEC) that it violated securities laws. The SEC alleges that Binance.US misled investors about its trading controls and that it operated as an unregistered securities exchange.

The layoffs affected employees in Binance.US' legal, compliance, and risk departments, according to two people with knowledge of the matter. The SEC's charges have cast a shadow over Binance.US, which is one of the largest cryptocurrency exchanges in the U.S. The company has said that it is cooperating with the SEC's investigation and that it is committed to complying with U.S. securities laws.

The layoffs are a sign of the challenges facing Binance.US as it seeks to operate in a regulatory environment that is still evolving. The company is also facing scrutiny from other regulators, including the Commodity Futures Trading Commission (CFTC).

It remains to be seen how the SEC's charges and the layoffs will impact Binance.US' business. However, the company is facing a difficult road ahead as it seeks to comply with U.S. securities laws and win the trust of regulators.

Here are some additional details:

• The SEC's charges could result in fines or other penalties for Binance.US.

• The layoffs have affected employees who were responsible for ensuring that Binance.US was complying with U.S. securities laws.

• Binance.US is still operating, but it is unclear how the SEC's charges and the layoffs will impact its business.

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Google Bans AI Chatbots to Protect Sensitive Information

Google has reportedly banned the internal use of AI chatbots, including its own Bard, following in the footsteps of Apple and Samsung. The move is reportedly in an effort to prioritize security and protect sensitive information.

The ban applies to all Google employees, and it prohibits them from entering confidential materials into AI chatbots, as well as from directly using computer code generated by chatbots. Google has acknowledged that Bard can provide code suggestions that may not be desired, but stressed its usefulness for programmers.

The decision to ban AI chatbots is a sign of the growing concern about the security risks posed by these technologies. AI chatbots are trained on large amounts of data, and they can potentially be used to extract sensitive information from employees. In addition, AI chatbots can be used to spread misinformation or to impersonate other people.

The ban on AI chatbots is likely to have a significant impact on Google's internal operations. However, it is a necessary step to protect the company's sensitive information.

Here are some additional details:

• The ban was reportedly implemented in May 2023.

• Google has not yet commented publicly on the ban.

• The ban is likely to have a significant impact on Google's internal operations.