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Sam Altman, leader of OpenAI and one of Reddit's largest investors, is further aligning his interests with an alliance between the two [Fortune]
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Reddit shares jumped 11% in late trading following the announcement. The agreement “will enable OpenAI's AI tools to better understand and showcase Reddit content, especially on recent topics,” the companies said Thursday in a joint statement . Reddit will also offer its users new AI-based tools built on OpenAI's models, and OpenAI will become a Reddit advertising partner. Terms of the deal weren't disclosed. Reddit last week released new policies governing the use of its data, part of an effort to increase revenue through licensing agreements with artificial intelligence developers and other companies. The company, which sold shares in an initial public offering in March, also signed an accord in January with Alphabet Inc.'s Google worth $60 million to help train large language models, the technology underpinning generative AI. The San Francisco-based social network has signed licensing deals worth $203 million in total, with terms ranging from two to three years. OpenAI, for
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