Stocks tread water with Dow poised for another bid for 40,000

[Pelican Press 0]

Stocks tread water with Dow poised for another bid for 40,000

By signing a major partnership with OpenAI, the AI company behind ChatGPT,

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(RDDT) scored a major victory in its plans to sell its unique archive of posts to companies eager for troves of content to train their Large Language Models (LLMs).

On Friday, shares of the forum based social media company rose more than 14%, as investors cheered on the deal. The partnership will bring

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content into ChatGPT and OpenAI’s new products, drawing from

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’s data to give the chatbot real-time content on recent topics.

In turn,

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will receive AI-powered features for redditors and moderators, the company said in an announcement Thursday. OpenAI will also become an advertising partner on

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, boosting the company’s main source of revenue.

“

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has become one of the internet’s largest open archives of authentic, relevant, and always up to date human conversations about anything and everything. Including it in ChatGPT upholds our belief in a connected internet, helps people find more of what they’re looking for, and helps new audiences find community on

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,” said Steve Huffman,

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co-founder and CEO.

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’s deal comes as other major media companies are striking deals with AI developers, trading their digitized bodies of language for guaranteed revenue.

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Nasdaq Composite,Dow,Christopher Waller
#Stocks #tread #water #Dow #poised #bid

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