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Agreement between Reddit and OpenAI soars the social network’s shares by more than 15%

Agreement between Reddit and OpenAI soars the social network’s shares by more than 15%

Reddit reiterated its commitment to privacy and published its public content policy to provide a better understanding of access to public content and protections for users.

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The Reddit shares soar on Wall Street after the announcement of an agreement with OpenAI which will allow the maker of ChatGPT to use the content of the social media platform to train its artificial intelligence models.

Thus, OpenAI will bring Reddit posts to ChatGPT and other new products, making it easier for users to discover and interact with the platform’s communities. To do this, OpenAI will access Reddit’s data API, providing unique and real-time content to improve the understanding and visualization of Reddit content, especially on current topics.

After announcing the agreement between the two giants, the shares of the reddit they climb almost 15% (+14.8%). This partnership will also involve the social network offering new AI-powered features to its users and moderators, leveraging OpenAI’s AI modeling platform to enrich the Reddit experience. Additionally, OpenAI will become an advertising partner of Reddit.

OpenAI and the enthusiasm of the agreement

Brad LightcapCOO of OpenAI, expressed his excitement about partnering with Reddit to improve ChatGPT and enrich the Reddit experience with AI-powered features. Steve Huffman, co-founder and CEO of Reddit, highlighted Reddit’s role as an open archive of authentic and relevant human conversationsand how including it in ChatGPT reinforces the belief in a connected Internet that helps people find what they are looking for and new audiences find communities on Reddit.

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Reddit reiterated its commitment to privacy and published its public content policy to provide a better understanding of access to public content and protections for users. The partnership follows the existing terms of the Reddit Data API and does not change the requirements for accessing Reddit content through the API.

Source: Ambito

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