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Reddit Partners With Openai In New Data Licensing Deal

Reddit logo on phone screen

Reddit has signed a deal with OpenAI, granting the artificial intelligence startup access to its data. 

This follows similar agreements with Google and public relations software firm Cision. 

The San Francisco-based company announced the deal will integrate its content with OpenAI’s ChatGPT chatbot and new products.

OpenAI will also become a Reddit advertising partner. 

Users and moderators will benefit from new AI-powered features.

Following the announcement, Reddit's shares rose 11 percent in after-hours trading.

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The financial terms of the deal were not disclosed. 

Data licensing is a new revenue stream for Reddit, which primarily earns from advertising. 

Founded in 2005, Reddit isn’t profitable.

The company went public in March, reporting 82.7 million daily active users.

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