As part of the deal, OpenAI will gain access to Reddit's Data application programming interface, or API, "which provides real-time, structured, and unique content from Reddit," according to a release.
In exchange, Reddit will begin offering certain AI features to users and moderators, powered by OpenAI, which will also become a Reddit advertising partner.
OpenAI Chief Operating Officer Brad Lightcap spearheaded the deal, which was approved by the company's board, the release said.
The update brings GPT-4 to everyone, including OpenAI's free users, Chief Technology Officer Mira Murati said Monday in a livestreamed event.
Reddit, which went public in March and reached a record close a few days after its initial public offering, is back to trading near its high of $65.11.
Persons:
Reddit, OpenAI, Steve Huffman, Sam Altman, Brad Lightcap, Mira Murati, Murati
Organizations:
New York Stock Exchange, Google, Reddit, GameStop
Locations:
New York City, Reddit