Reddit shares jump after-hours on OpenAI data-sharing deal
Reddit said the deal allows OpenAI’s tools to “better understand and showcase Reddit content” with the AI firm back new features on the social platform.
Reddit stock rose 11% in after-hours trading after the social media firm struck a data-sharing deal with OpenAI, the creator of the artificial intelligence (AI) chatbot ChatGPT.
Reddit said on May 16 that it will provide OpenAI with access to its data application programming interface (API), which will provide real-time content from posts made on the platform. Reddit said this would “bring Reddit content to ChatGPT and new products.”
In exchange, OpenAI will give Reddit users and moderators a suite of new AI-powered features aimed at strengthening user engagement.
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Author: Brayden Lindrea
