Brief by Shorts91 Newsdesk / 05:52am on 17 May 2024,Friday Business
Reddit's shares have jumped over 10% after announcing a partnership with OpenAI, the company behind ChatGPT. The deal grants OpenAI access to Reddit content, while Reddit will gain AI-powered features. This move diversifies Reddit's income streams beyond advertising. The agreement comes as copyright owners, like Sony, challenge AI firms over using their material without permission. OpenAI has recently partnered with publishers like the Associated Press and Financial Times. Google also announced a Reddit data access deal in February to train its AI models. The partnership highlights the growing importance of AI in social media and content creation.
