Reddit surges on OpenAI partnership
Wall Street Breakfast
Seeking Alpha
4.1 • 1K Ratings
🗓️ 17 May 2024
⏱️ 7 minutes
🧾️ Download transcript
Summary
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Transcript
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| 0:00.0 | Welcome to See King Alpha's Wall Street breakfast, where we cover the top news for investors every morning. |
| 0:08.0 | Good morning. Today is Friday, May 17th. I'm Julie Morgan. |
| 0:13.0 | Reddit announces a partnership with Open AI. |
| 0:16.0 | China is working on rehabbing its housing market, |
| 0:20.0 | and when you're driving down the highway and the sign says Cracker Barrel is two miles ahead. |
| 0:25.3 | When you arrive, will it look the same? |
| 0:27.7 | You know, rocking chairs, maple syrup in the cute little bottle? |
| 0:31.1 | Old country, a store? Who knows? But we do know that the company just cut its |
| 0:37.0 | dividend. Reddit is up 12% pre-market after it announced a new partnership with Microsoft-backed open AI. |
| 0:45.0 | The partnership brings Reddit content to chat GPT, allowing open AI access to |
| 0:50.6 | Reddit's data API. |
| 0:52.6 | Open AI's artificial intelligence models will allow it to learn from |
| 0:56.8 | Reddit content in real time. |
| 0:59.0 | The New Deal also provides the Reddit platform |
| 1:01.8 | with new AI-powered features for |
| 1:04.0 | creditors and its moderators. |
| 1:06.0 | Open AI will become a Reddit advertising partner as well. |
| 1:10.0 | Reddit CEO Steve Huffman said including it in chat gPT |
| 1:15.0 | upholds their belief in a connected internet |
| 1:17.0 | which helps people find more of what they're looking for |
| 1:20.0 | and helps new audiences find community on Reddit. |
| 1:25.0 | Today China announced sweeping measures to support its ailing housing market. |
... |
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