Reddit Inks Data Training Deal with OpenAI, Boosting Its Stock Price

Reddit, the popular online discussion platform, has entered into a data training deal with OpenAI, the artificial intelligence research company behind the viral ChatGPT chatbot. The agreement allows OpenAI to access Reddit’s vast trove of public data for training its AI models. This partnership has sparked investor enthusiasm, driving Reddit’s stock price up by over 20% in after-hours trading. The deal highlights the growing demand for large language models and the value of high-quality data for training AI systems. Reddit’s diverse and extensive user-generated content, spanning various topics and communities, makes it an attractive data source for AI companies like OpenAI. While the financial terms of the deal were not disclosed, it underscores Reddit’s efforts to monetize its data and explore new revenue streams. The collaboration also raises questions about data privacy and the ethical use of public information for AI training.

Source: https://markets.businessinsider.com/news/stocks/reddit-stock-price-inks-data-training-deal-with-openai-rddt-2024-5