11 Trending AI Stocks on Latest News and Ratings

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9. Reddit, Inc. (NYSE:RDDT)

Number of Hedge Fund Holders: 52

Reddit, Inc. (NYSE:RDDT) operates a platform that hosts over 100,000 active communities where users engage in discussions, voting, and sharing content based on their interests. It utilizes AI to improve its search capabilities and improve user experiences by surfacing relevant discussions and content across its forums. It also announced a partnership with OpenAI in May for training of AI models.

Reddit (NYSE:RDDT) is launching an AI chatbot, Reddit Answers, for the betterment of user engagement by assisting with information searches, recommendations, and discussion highlights across its forums, as per Bloomberg. The move supports Reddit’s push to improve search features and counter AI tools that summarize its content without driving traffic back to the site.

To protect its data, Reddit has blocked certain search engines and secured $203 million in licensing deals with Google and OpenAI. Reddit Answers, powered by AI models from Reddit, OpenAI, and Google, is rolling out to select U.S. users on the web and iOS, with plans to expand globally.

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