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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Esta historia es de la edición May 18, 2024 de The Straits Times.
Comience su prueba gratuita de Magzter GOLD de 7 días para acceder a miles de historias premium seleccionadas y a más de 9,000 revistas y periódicos.
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