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Reddit’s gates have opened to ChatGPT.
Reddit and ChatGPT Manufacturer OpenAI entered A new partnership was signed on Thursday that will give Reddit more advertising dollars and AI tools in exchange for posts on Reddit.
Reddit stock rose 13% on Friday following the announcement.
OpenAI uses real-time data from Reddit users to train ChatGPT and its new products. Finding new training sources for AI is one of the technology challenges. In recent months, OpenAI has signed deals with the following publishers: financial times and axel springer Access ChatGPT’s trove of data.
Related: OpenAI now has access to Financial Times articles to train AI
On Reddit’s side, the company plans to leverage OpenAI’s platform to bring new AI capabilities to the community. According to the website, Reddit’s organic traffic increased from 160 million clicks in August 2023 to 480 million clicks in February of this year. Ahrefs data.
OpenAI also plans to run ads on Reddit to increase revenue for the platform.
Reddit signed an AI licensing agreement with Google in February, although the companies did not disclose financial terms of the deal. Reportedly $60 million annually.
The difference between the two deals is that OpenAI CEO Sam Altman has a larger stake in Reddit than the CEO. Altman is Reddit’s third largest shareholder.he owns more There are more shares than Reddit CEO Steve Huffman (8.7% stake, Huffman’s 3.3%).
Related: Who is OpenAI CEO Sam Altman? Net worth, education
Sam Altman, CEO of OpenAI.Photographer: Dustin Chambers/Bloomberg via Getty Images
OpenAI disclosed Altman’s relationship with Reddit in a post announcing the deal. write It said it was “led by OpenAI’s COO and approved by an independent board of directors.”
Related: Is your site traffic down? Here are the big AI changes Google made to its search tools
With its new deal with Reddit, OpenAI is also moving into training territory already claimed by rival AI maker Google.
OpenAI surprised Google with a new AI model this week on the eve of Google’s annual I/O conference, alarming Google.
The conflict between the two companies was revealed to OpenAI CEO Sam Altman on Thursday. attracted attention About the settings OpenAI and Google choose to unveil new AI models and the “aesthetic differences” between Google engineers answered“Interesting how all your launches are timed with ours.”
“I try not to think too much about my competitors.”
What’s interesting is how your launch is timed with ours. https://t.co/bSeqvTh7ss
— Zachary Nado (@zacharynado) May 16, 2024
OpenAI is reportedly developing a web search engine product that will further challenge Google.