The new collaboration announced between Reddit and OpenAI had a positive impact on Reddit shares. Shares gained more than 10 percent in value due to the announcement. However, this rise was not permanent.
Developments in the artificial intelligence sector, well-established companies led him to focus on this field. Platforms that have been with us for years, by collaborating with companies such as Google or OpenAI new services they are trying to create.
In this context; recently became one of the world’s largest discussion platforms. redditAn important move came from . The company announced a collaboration with OpenAI. Within the scope of this collaboration, ChatGPT will be able to access content on Reddit. right of access got it. This agreement had a positive impact on Reddit shares.
Reddit shares gained more than 10 percent
Reddit shares, listed on the New York Stock Exchange (NYSE), fell with the announcement of the decision. more than 10 percent gained value. However, this rise was short-lived. Shares, as the excitement of the announcement wears off back off lived.
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Reddit has no clue about the rise in stocks. did not make a statement. However, shares currently trading at $56 still need to rise to reach their peak.