Reddit-OpenAI deal opens up avenue for AI training on site

Reddit (RDDT) shares hold onto gains Friday afternoon, rising on an announced partnership with OpenAI to use the developer's artificial intelligence tools on its social media platform.

Market Domination Anchors Julie Hyman and Josh Lipton monitor Reddit's stock action and comment what this utilization of AI models could mean for Reddit's user experience.

For more expert insight and the latest market action, click here to watch this full episode of Market Domination.

This post was written by Luke Carberry Mogan.

Video transcript

Time now for some of the day trending tickers, Reddit shares They are surging after announcing a partnership with Open A I team up to intended to enable open a ISA I tools to better understand and showcase uh, Reddit content.

So companies saying in a statement here, Julie, this is gonna enable open a IA I tools to better understand and showcase Reddit content, especially on recent topics.

So this means open A. I can train a I systems on reddit data financial terms.

We don't know those did not get released.

Of course, this is sort of part of Reddit's pitch when it went public, increasing revenue through these various kinds of licencing agreements with A i companies and powerhouses like Open A I right and this is they've done.

They've done a bunch of these thus far.

I think there's something like, uh, 200 million or so that they have signed in deals that we know about or that have been reported on.

One of them was with Google, $60 million as well, and for open a IS part, it's been making these different partnerships too.

There are a lot of questions about this as you pointed out yesterday, How are redditors going to feel about this?

And one story in the background that especially throws that into relief here?

Is that open?

A. I reportedly is now getting rid of this what they call their super Alignment team, which sort of is a curve on the development of general artificial intelligence, which is making a I.

That sort of is meant to mimic human intelligence and go beyond it.

That would be a curb on allowing that to overpower its creators.

Kind of like what you see in sci Fi.

That team is no more, and that has raised some concerns.

You know, this was sort of one of the things of the crux of Sam Altman's ouster from Open A I and then his the institution.

Why am I bringing it up with the Reddit story?

Well, if you're a redditor and you're worried about the use of your content that that's on Reddit being used for eventually some sort of nefarious or just purposes, you don't want it to be used for I. I don't know.

There's still a lot of questions about this whole area.

There's, you know, big questions for Reddit, uh, users.

Investors like this is one point I make Roth.

MKM is Rohit called Carney friend of the show in a note this morning.

So he he's a fan of Reddit.

We know that he has a buy on the name says this kind of C I sentiment helps with near term momentum.

We saw that today also says he would not be surprised if Amazon now finds a way to work more deeply with Reddit two and remember because what he's saying there is Reddit, uh, long term AWS customers.

So we'll see if if hits right