Reddit shares surge after social media group strikes content deal with OpenAI

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Reddit shares surge after social media group strikes content deal with OpenAI

Investing.com -- Shares in Reddit surged in premarket U.S. trading on Friday after the social media platform announced a new content partnership with OpenAI.

Although the financial details of the deal were not disclosed, analysts at JMP said that it will likely be "smaller than the Google" agreement, which totaled $203 million over three years. In recent years, the site has become known as a medium for discussion and an archive of information on the internet.

Source: The AI Report (theaireport.net)

 

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