Update: Reddit to Bring Content to Microsoft-Backed OpenAI's ChatGPT; Shares Jump-March 2024-www.financetom.com

Update: Reddit to Bring Content to Microsoft-Backed OpenAI's ChatGPT; Shares Jump

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Update: Reddit to Bring Content to Microsoft-Backed OpenAI's ChatGPT; Shares Jump

May 17, 2024 5:15 AM

07:45 AM EDT, 05/17/2024 (MT Newswires) -- (Updates with recent stock price movement in the last paragraph)

Reddit ( RDDT ) will bring its content to Microsoft ( MSFT )-backed (MSFT) OpenAI's ChatGPT, the companies said Thursday.

OpenAI will also become a Reddit ( RDDT ) advertising partner as part of the partnership.

Financial details of the deal weren't disclosed.

Reddit ( RDDT ) shares jumped almost 11% in recent premarket activity Friday.

Price: 62.50, Change: +6.12, Percent Change: +10.85

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