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ChatGPT customers will quickly get knowledge entry from Reddit.
Reddit has partnered with OpenAI to carry its content material to common chatbot ChatGPT, the businesses stated on Thursday.
(Reuters) -Reddit has partnered with OpenAI to carry its content material to common chatbot ChatGPT, the businesses stated on Thursday, sending the social media platform’s shares up 12% in prolonged commerce.
The deal underscores Reddit’s try to diversify past its promoting enterprise, and follows its latest partnership with Alphabet to make its content material accessible for coaching Google’s AI fashions.
ChatGPT and different OpenAI merchandise will use Reddit’s utility programming interface, the means by which Reddit distributes its content material, following the brand new partnership.
OpenAI can even turn out to be a Reddit promoting accomplice, the corporate stated.
Ahead of Reddit’s March IPO, Reuters reported that Reddit struck its cope with Alphabet, value about $60 million per yr.
Investors view promoting its knowledge to practice AI fashions as a key income past Reddit’s promoting enterprise.
The social media firm earlier this month reported robust income development and bettering profitability within the first earnings since its market debut, indicating that its Google deal and its push to develop its adverts enterprise have been paying off.
Reddit’s shares rose 10.5% to $62.31 after the bell. As of Wednesday’s shut, the inventory is up practically 12% since its market debut in March.
