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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THE NEW BERNABEU A REAL PROBLEM
Locals and neighbourhood residents hate noise from concerts and construction work
Japan seek to beat the heat and Saudi Arabia
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Police investigating Spanish pair over protests in S'pore
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MediShield Life can be made more effective. Its review holds the key
We must incentivise outpatient treatment and accept that, in some cases, personalised medicine can save lives.