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• DJ Reddit to Give OpenAI Access to Its Data in Licensing Deal -- Update, from 3 hours ago by Dow Jones

  3 hours ago by Dow Jones
  Companies Mentioned: MSFT, RDDT
  
  By Sarah E. Needleman
  
  Reddit says it signed a deal with OpenAI to give the artificial-intelligence startup access to its data, following similar arrangements it made with Google and public-relations software firm Cision.
  

• Reddit to Bring Content to Microsoft-Backed OpenAI's ChatGPT -- Shares Jump, from 5 hours ago by MT Newswires

  5 hours ago by MT Newswires
  Companies Mentioned: MSFT, RDDT
  05:32 PM EDT, 05/16/2024 (MT Newswires) -- Reddit (RDDT) will bring its content to Microsoft-backed (MSFT) OpenAI's ChatGPT, the companies said Thursday. OpenAI will also become a Reddit advertising partner as part of the partnership. Financial deta...

• DJ Reddit Shares Rise 14% on OpenAI Partnership, from 6 hours ago by Dow Jones

  6 hours ago by Dow Jones
  Companies Mentioned: MSFT, RDDT
  
  By Ben Glickman
  
  Shares of Reddit rose late Thursday after the company said it had entered a partnership with ChatGPT-maker OpenAI.
  
  The stock was up 14% to $64.22 in after-hours trading, following a 5.5% drop at the close. Shares are up about 35% in the last month.
  

• DJ Reddit Signs Data-Licensing Deal With OpenAI, from 6 hours ago by Dow Jones

  6 hours ago by Dow Jones
  Companies Mentioned: MSFT, RDDT
  By Sarah E. Needleman Reddit says it signed a deal with OpenAI to give the artificial-intelligence startup access to its data, following similar arrangements it made with Google and public-relations software firm Cision. Financial terms weren't disclosed. Reddit says the deal will bring its content to OpenAI's ChatGPT chatbot and new products and that OpenAI will become a Reddit advertising partner. Further, Reddit users and moderators will gain new AI-powered features. Data licensing is a new line of business for the social-media company, which generates most of its revenue from advertising sales. Write to Sarah E. Needleman at sarah.needleman@wsj.com (END) Dow Jones Newswires May 16, 2024 16:54 ET (20:54 GMT)

• ARC Independent Raises Microsoft's Price Target to $440 From $415, from 8 hours ago by MT Newswires

  8 hours ago by MT Newswires
  Companies Mentioned: MSFT
  02:50 PM EDT, 05/16/2024 (MT Newswires) -- Microsoft (MSFT) has an average rating of buy and price targets ranging from $399.70 to $600, according to analysts polled by Capital IQ. (MT Newswires covers equity, commodity and economic research from ma...