Elon Musk announced data limits on Twitter to prevent data scraping and system manipulation.
Verified accounts are limited to reading 6000 posts/day
Unverified accounts to 600 posts/day
New unverified accounts to 300/day
This will shift soon to
Rate limits increasing soon to 8000 for verified
800 for unverified
400 for new unverified
Rate limits increasing soon to 8000 for verified, 800 for unverified & 400 for new unverified https://t.co/fuRcJLifTn
— Elon Musk (@elonmusk) July 1, 2023
To address extreme levels of data scraping & system manipulation, we’ve applied the following temporary limits:
– Verified accounts are limited to reading 6000 posts/day
– Unverified accounts to 600 posts/day
– New unverified accounts to 300/day— Elon Musk (@elonmusk) July 1, 2023
Data Needed to Train Artificial Intelligence Large Language Models
There has been an increased need for data to train large language models like ChatGPT. Reddit tried to address the new value for data by massively increasing charges for data via its APIs. Reddit also killed third party applications.
Twitter Valuation
Fidelity owns shares of privately held Twitter, Reddit and Discord.
Twitter valuation in May, 2023 according to Fidelity was to $6.86 million, up from $6.55 million from a month prior, but still down 65% since the original investment.
In August 2021, Fidelity led a Reddit Series F funding round that valued Reddit at $10 billion. On April 28, 2023, Fidelity wrote down the value of Reddit shares by 47%.
Fidelity Blue Chip Growth Fund valued its holdings in Reddit at $15.4 million as of May 31. The updated share value suggests a $5.5 billion valuation for Reddit.
Fidelity also reduced its valuation for Discord.
Brian Wang is a Futurist Thought Leader and a popular Science blogger with 1 million readers per month. His blog Nextbigfuture.com is ranked #1 Science News Blog. It covers many disruptive technology and trends including Space, Robotics, Artificial Intelligence, Medicine, Anti-aging Biotechnology, and Nanotechnology.
Known for identifying cutting edge technologies, he is currently a Co-Founder of a startup and fundraiser for high potential early-stage companies. He is the Head of Research for Allocations for deep technology investments and an Angel Investor at Space Angels.
A frequent speaker at corporations, he has been a TEDx speaker, a Singularity University speaker and guest at numerous interviews for radio and podcasts. He is open to public speaking and advising engagements.
Twitter has implemented data limits to address concerns related to data scraping and manipulation. These limits are designed to prevent unauthorized access to user data and ensure the integrity of the platform. By setting these restrictions, Twitter aims to enhance user privacy and maintain the authenticity of information shared on its platform
He killed it. History will record his bad decisions as the reason.
He also locked out read-only viewing for non-logged in/non-account holders. Which basically destroys the digital commons he preaches about. Putting a huge resource behind a paywall now is brutal for both the company and the world.
Now, the question is, can anyone capitalize on this to bridge to something else/better. If Reddit does the same and locks out all non-account/not-logged in users from reading as well, that’s a serious blow to open data for the western internet. Google already took some hits due to API lockouts at Reddit…
I don’t think anyone single company can capitalize on “this” without eventually ending up like Twitter/Reddit. Companies just seem to prefer growth and capturing market share for a bait-and-switch to profitability. But hey, at least you still have old-school forums, federated media, question and answer sites and semi-popular social media for open data. They don’t have the same networks but you’ll find that that’s not necessarily strictly needed especially if it’s just for personal use. Still a loss though. But then again, you probably shouldn’t rely on tools that’s ruled by doomsday preppers. They aren’t even big enough to corner the market and build an empire like Facebook.
Musk never lies
Is “million” meant to be “billion”?