Binance Square
LIVE
LIVE
BLOCKCHAIN NEWS
--227 views
Reddit's stock (RDDT) surged 11% in after-hours trading following a data-sharing agreement with AI chatbot creator OpenAI. The deal will see Reddit supply OpenAI with real-time content from its platform, while OpenAI will offer Reddit users and moderators a range of AI-powered features. Despite a 5.45% drop on May 16, the post-announcement rally saw Reddit's stock rise to $62.61. This follows a similar agreement with Google in February, reportedly worth $60 million. The news comes amid legal challenges faced by AI firms over data-gathering methods.

Reddit's stock (RDDT) surged 11% in after-hours trading following a data-sharing agreement with AI chatbot creator OpenAI. The deal will see Reddit supply OpenAI with real-time content from its platform, while OpenAI will offer Reddit users and moderators a range of AI-powered features. Despite a 5.45% drop on May 16, the post-announcement rally saw Reddit's stock rise to $62.61. This follows a similar agreement with Google in February, reportedly worth $60 million. The news comes amid legal challenges faced by AI firms over data-gathering methods.

Disclaimer: Includes thrid-party opinions. No financial advice. May include sponsored content. See T&Cs.
0
Explore the lastest crypto news
⚡️ Be a part of the latests discussions in crypto
💬 Interact with your favorite creators
👍 Enjoy content that interests you
Email / Phone number
Relevant Creator
LIVE
@BLOCKCHAIN_NEWS

Explore More From Creator

Latest News

View More
Sitemap
Cookie Preferences
Platform T&Cs