(Reuters) -Reddit has partnered with OpenAI to bring its content to popular chatbot ChatGPT, the companies said on Thursday, sending the social media platform's shares up 12% in extended trade.
The deal underscores Reddit's attempt to diversify beyond its advertising business, and follows its recent partnership with Alphabet to make its content available for training Google's AI models.
ChatGPT and other OpenAI products will use Reddit's... (continue reading...)
(Reuters) -Take-Two Interactive Software tempered expectations for fiscal 2025 bookings on Thursday, after setting the release of the highly anticipated "Grand Theft Auto VI" in the fall of calendar 2025.
Shares of the New York-based company fell 3.5% in extended trading.
The video game publisher now expects bookings between $5.55 billion and $5.65 billion for 2025, down from its prior forecast of just over $7 billion.
"Looking... (continue reading...)
NEW YORK (Reuters) - Cannabis stocks including Tilray, Curaleaf, and the AdvisorShares Pure US Cannabis ETF rallied on Thursday after the U.S. Department of Justice unveiled a historic proposal to ease restrictions on marijuana.
Under the proposal, cannabis would be reclassified from a so-called Schedule I drug, which are considered highly additive with no medical benefits, to a Schedule III, signifying it has moderate to low potential for physical... (continue reading...)
By Nupur Anand
NEW YORK (Reuters) - With JPMorgan Chase coming off a year of record profits, investors are eager to learn about the firm's succession plans, investments in artificial intelligence and opportunities beyond traditional banking.
Chief Executive Jamie Dimon and his team will be presenting their growth strategies and financial targets on Monday at JPMorgan's investor day in New York.
More than 18 years into... (continue reading...)
By Krystal Hu
(Reuters) - Cloud-based designer platform Figma is closing a deal to allow its employees and early investors to sell their stake to new and existing investors at a valuation of $12.5 billion, the company said on Thursday.
Figma, whose free online tool is used to create, share and test designs for websites, mobile apps and other digital products, has been seeking ways for employees to cash out on their stock options and... (continue reading...)
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