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941 With IPO Looming, Reddit’s AI Pitch Faces Skeptics

The Information
Cory Weinberg @ The Information · 03/20/2024 09:00 EDT

With IPO Looming, Reddit’s AI Pitch Faces Skeptics

As Reddit executives and the company’s advisers try to reel in investors for its initial public offering, they’ve been using two seemingly magic words as part of their pitch: artificial intelligence.

A slide deck for potential investors shows Reddit’s cartoon robot logo next to emblems of semiconductor companies Nvidia and Arm, whose stocks have skyrocketed off the AI boom. The presentation, viewed by The Information, highlighted that OpenAI’s breakthrough ChatGPT-3 was “trained on 45 terabytes of text dat

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