- Reddit shares neared a record in extended trading on Thursday after the company announced a partnership with OpenAI.
- The deal will allow the ChatGPT maker to train its artificial intelligence models on Reddit content.
- OpenAI previously announced a similar deal with Google.
Reddit
shares surged 11% in extended trading on Thursday after the social media company announced a partnership with OpenAI that will allow the ChatGPT maker to train its artificial intelligence models on Reddit content.
As part of the deal, OpenAI will gain access to Reddit’s Data application programming interface, or API, “which provides real-time, structured, and unique content from Reddit,” according to a release.
In exchange, Reddit will begin offering certain AI features to users and moderators, powered by OpenAI, which will also become a Reddit advertising partner. Google
announced a similar partnership with Reddit in February, allowing the company to train its AI models, such as Gemini, on Reddit content via access to the platform’s API.
“Reddit has become one of the internet’s largest open archives of authentic, relevant, and always up to date human conversations about anything and everything,” CEO Steve Huffman said in Thursday’s release. “Including it in ChatGPT upholds our belief in a connected internet, helps people find more or what they’re looking for, and helps new audiences find community on Reddit.”
www.cnbc.com/2024/05/16/reddit-soars-after-announcing-openai-deal-on-ai-training-models.html
h/t Junior-Damage7568