Reddit Stock Pops On Partnership With OpenAI: The Details
Portfolio Pulse from Adam Eckert
Reddit Inc (NYSE:RDDT) shares surged in after-hours trading following the announcement of a new partnership with OpenAI. The collaboration will integrate Reddit content into OpenAI's ChatGPT and introduce AI-powered features to Reddit, enhancing user engagement and advertising capabilities.
May 16, 2024 | 9:01 pm
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Reddit Inc shares rose 10.21% in after-hours trading following the announcement of a partnership with OpenAI. The collaboration will integrate Reddit content into OpenAI's ChatGPT and introduce new AI-powered features to Reddit, enhancing user engagement and advertising capabilities.
The partnership with OpenAI is expected to significantly enhance Reddit's platform by integrating AI-powered features and improving user engagement. This positive development has already led to a 10.21% increase in Reddit's share price in after-hours trading, indicating strong investor confidence.
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