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Reddit shares jump after OpenAI ChatGPT deal

Shares in Reddit have jumped more than 10% after the firm said it had struck a partnership deal with artificial intelligence (AI) start-up OpenAI.

Under the agreement, the company behind the ChatGPT chatbot will get access to Reddit content, while it will also bring AI-powered features to the social media platform.

The announcement highlights Reddit's efforts to broaden its income sources away from advertising.

The deal also comes as a growing number of copyright owners mount legal challenges over the use of their material by AI firms.

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26 days ago (E)

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