Shares of Reddit (RDDT) are jumping after announcing a partnership with OpenAI. As part of the deal, OpenAI will use Reddit content for ChatGPT and other...
) are jumping after announcing a partnership with OpenAI. As part of the deal, OpenAI will use Reddit content for ChatGPT and other products. In exchange, OpenAI will advertise on Reddit and Reddit will use OpenAI's models for its AI features.Let's talk about this move that we're seeing in Reddit today because it's to do with A I, we're looking at gains of just about 9.5% here in the pre market.
When we talked about the excitement surrounding Reddit following its IP O A lot of that excitement was driven by the A I potential and exactly what that means here for Reddit in the long term. Ultimately here for Reddit, just quick glance at, at early analysts reaction here city's Ron Jose saying that open A I licensing deal showcases the quote, the value of its data corpus and open A I's agreement should provide chat G BT with a continuously refreshed source of human conversation at scale.I mean, Reddit signaled it, reddit signaled it coming into the IPO.
Um And so I think on top of the advertising realm that Reddit still does have and is more prominent at this juncture in its ad in its revenue base.
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