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VisitOpenAI and Reddit Partner to Integrate Content into ChatGPT, Reddit Stock Rises 7%
May 16, 2024, 08:39 PM
OpenAI and Reddit have announced a partnership to integrate Reddit's data and content into ChatGPT and other new products. OpenAI will utilize Reddit's Data API to access real-time, structured, and unique content for this integration. Additionally, OpenAI has agreed to become an advertiser on Reddit. This partnership will also enable Reddit to introduce new AI-powered features and moderation tools. The collaboration is expected to be a significant search disruptor, especially for long-tail search queries. Following the announcement, Reddit's stock ($RDDT) rose by 7% in after-hours trading.
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No significant change • 25%
Increase in revenue • 50%
Decrease in revenue • 25%