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Yuvraj Malik. May 17, 2024 at 12:54 PM. By Yuvraj Malik. (Reuters) -Shares of Reddit rose 13% on Friday, following a partnership with artificial intelligence firm OpenAI that is expected to boost ...
OpenAI has reached a deal with Reddit to use the social news site’s data for training AI models. In a blog post on OpenAI’s press relations site, the company said that the Reddit partnership ...
“In January 2024, we entered into certain data licensing arrangements with an aggregate contract value of $203.0 million and terms ranging from two to three years,” the prospectus reads.
Martin added Reddit to Needham's "conviction list" with a Buy rating and $63 price target, noting optimism about Reddit's upside from licensing its data to train generative AI large language models.
Excluding employee stock options, the 19-year old company’s valuation will start at $5.4 billion, a far cry from its last private market value of $10 billion, set in August 2021, the top of the ...
The unnamed company will use Reddit posts and comments to train its AI models. ... This brings the price of the 15-inch model down to $1,150, thanks to a discount and a clippable coupon.
Screengrab via CNBC. Nineteen years after its debut, Reddit is now a publicly traded company. It was listed on the New York Stock Exchange as RDDT for the first time on Thursday, with mascot Snoo ...
Reddit’s deals to license its catalog of user-generated content are a key part of the company’s strategy to grow its revenue as it gets ready to go public.On the day the company filed for IPO ...
Rakuten Group, Inc. (楽天グループ株式会社) ( Japanese pronunciation: [ɾakɯ̥teɴ]) is a Japanese technology conglomerate based in Tokyo, founded by Hiroshi Mikitani in 1997. Centered around the online retail marketplace Rakuten Ichiba, its businesses include financial services utilizing Fintech, digital content and communications ...
Image Credits: TechCrunch. Reddit’s IPO plans are coming into focus with a new S-1 filing released Monday morning that sets an initial price range for its stock at $31 to $34 per share. If ...
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