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Reddit forges pact with OpenAI to bring content to ChatGPT
The Straits Times
|May 18, 2024
Reddit has forged a partnership with OpenAI that will bring its content to the chatbot ChatGPT and other products, while also helping the social media firm add new artificial intelligence (AI) features to its forums.
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Shares of Reddit, which had their initial public offering (IPO) in March, jumped as much as 15 per cent in late trading on May 16 following the announcement.
The agreement "will enable OpenAI's AI tools to better understand and showcase Reddit content, especially on recent topics", the companies said in a joint statement on May 16. The deal allows OpenAI to display Reddit's content and train AI systems on its partner's data.
Reddit will also offer its users new AI-based tools built on models created by OpenAI, which will place advertisements on its partner's site. Financial terms of the deal were not disclosed.
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