Reddit customers will quickly see AI-generated summaries on the prime of search outcomes.
Reddit CFO Drew Vollero advised traders throughout its earnings name on Tuesday that the corporate plans to check AI-powered search outcome pages to “summarize and advocate content material.” He famous this can assist customers “dive deeper” into content material and uncover new Reddit communities.
Reddit will use a mixture of first-party and third-party expertise to energy the function, Vollero defined. The corporate will start the experiment later this 12 months.
Those that have been following the corporate’s newest initiatives seemingly anticipated one thing like an AI-powered search function to be on Reddit’s radar. In Could, Reddit introduced its partnership with OpenAI, enabling the corporate to leverage OpenAI’s massive language fashions and construct AI-powered options for Redditors and mods. The deal additionally offers OpenAI permission to make use of the social community’s knowledge. Reddit signed an analogous settlement with Google earlier this 12 months.
AI was a typical matter in right now’s name. Vollero additionally touted the success of Reddit’s AI-powered language translation function, reporting that France is one among its “quickest rising nations,” he claimed. The corporate can be starting to develop the interpretation function to German, Spanish and Portuguese.
At present marked the second time Reddit reported its quarterly earnings since turning into a public firm. For the second quarter, the corporate reported 342.3 million weekly lively customers, a 57% soar from the 12 months prior. Income elevated to $281.2 million, increased than Wall Avenue estimates of $253.8 million.