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Kiplinger
Kiplinger
Business
Joey Solitro

Reddit Stock Surges on OpenAI Deal: What You Need To Know

Reddit OpenAI RDDT Laura Martin ChatGPT Needham
Lifesized Snoo, the mascot of Reddit, ringing the opening bell of the New York Stock Exchange, after the Reddit IPO.

Reddit (RDDT) stock jumped more than 15% in early trading Friday after the social media platform announced a deal to license its data to artificial-intelligence (AI) research company and ChatGPT parent OpenAI.

The partnership will also allow Reddit to bring new AI-powered features to its users by building on OpenAI's platform. The ChatGPT owner, meanwhile, will become an advertising partner on RDDT's platform.

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