OpenAI and Reddit partnered to bring the social media platform’s content to ChatGPT

OpenAI and Reddit partnered to bring the social media platform’s content to ChatGPT
OpenAI and Reddit partnered to bring the social media platform’s content to ChatGPT

OpenAI and Reddit collaborate to enable ChatGPT to access content on the social media platform. (EFE/Wu Hao)

OpenAI and reddit announced a collaboration that will allow the artificial intelligence model ChatGPT, access the content of the social media platform. reddit has a wide audience that regularly visits the service to discuss a variety of topics, from memes and existential concerns to product and service recommendations.

The partnership was detailed in a blog post by redditwhere the company explained that the agreement will provide OpenAI access to its application programming interface (API). This API delivers structured and real-time content, allowing ChatGPT offer unique and relevant information.

Brad Lightcapdirector of operations OpenAIhe stated in a statement cited by The Associated Press: “We are excited to partner with reddit to improve ChatGPT with personalized and timely information, and explore the possibilities of enriching the experience of reddit with AI-powered features.”

The Reddit API will provide real-time and structured data for ChatGPT. (REUTERS/Dado Ruvic)

In addition to the integration of content in ChatGPT, reddit mentioned in its blog that users and moderators of the platform will gain access to new features powered by artificial intelligence.

“Reddit has become one of the largest open archives of authentic, relevant and always up-to-date human conversations on any topic”declared Steve Huffmanco-founder and CEO of reddit. “Including it in ChatGPT sustains our belief in a connected internet, helps people find more of what they’re looking for, and allows new audiences to find communities on Reddit.”

This collaboration agreement also positions OpenAI as advertising partner of reddit. Although the API of reddit will remain free for non-commercial use under certain published limits, the content accessed through it cannot be used for commercial purposes without the explicit approval of the platform, according to the conditions and terms for developers of reddit.

OpenAI will also be an advertising partner for Reddit under the new agreement. (Gabby Jones/Bloomberg)

The platform, which debuted on the stock market in March, saw investors boost the company’s value to nearly $9 billion within seconds of launching operations on the platform. New York Stock Exchange (NYSE).

The implication of Sam AltmanCEO of OpenAIin reddit It is not a recent development. Altman He built up a significant stake in the platform as an early investor, making him one of the company’s largest shareholders.

reddit emphasized that this agreement remains consistent with other previous content agreements and does not modify the terms of its API of data. “Access to our API data remains free for non-commercial use under our published threshold,” he clarified. reddit on his blog.

According to Reutersin a presentation in February of this year, reddit had signaled its intention to explore new monetization channels beyond advertising revenue, including offering tools for creators and licensing their data to third parties.

Reddit shares rose 13% following the announcement of the collaboration with OpenAI. (AP/Yuki Iwamura)

So far, the company already has data licensing agreements with undisclosed firms, which are projected to contribute at least $66.4 million in revenue this year. These licenses allow third parties to access, search and analyze data on the platform.

In recent months, OpenAI has also secured content licensing agreements with several media outlets, including The Associated Press and Financial Times.

The actions of reddit experienced a 13% increase on Friday following the announcement of a partnership with the artificial intelligence firm OpenAI.

The stock was valued at $63.64, approaching the record closing price of $65.11 reached in late March, putting the company on track to add $1.2 billion to its market capitalization, according to information from Reuters.

Reddit shares rose 13% following the announcement of the collaboration, settling at $63.64. (REUTERS/Brendan McDermid)

OpenAI will also become an advertising partner for redditwhich could generate between 50 and 60 million dollars annually for the social network, according to estimates by Thomas Championprincipal analyst of Piper Sandler.

Russ Moldinvestment director of AJ BellI affirm that “deal follows Reddit’s IPO promise to seize opportunities to do more with AI”. Since its debut in March, when its shares sold for $34 each, shares of reddit have increased by almost 90%.

The association with OpenAI It comes amid a growing number of lawsuits against OpenAIin which firms report unauthorized use of their content to train large language models.

 
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