During the latest earnings call, Steve Huffman, founder and CEO of Reddit, revealed that the platform will be testing a new AI-driven search results page. This new feature will display AI-generated summaries at the top of search results, helping users to more easily find content they are interested in and recommend relevant communities. Huffman stated that this approach allows users to gain a deeper understanding of the content and explore more Reddit communities.
To implement this new feature, Reddit will combine its own technology with third-party technologies to drive this experiment. Huffman disclosed that the test is expected to begin later this year. Regarding AI, Reddit has been quite active in this field recently. As early as May, Reddit established a partnership with OpenAI, leveraging OpenAI's large language models to build new AI features. This collaboration also allows OpenAI to use Reddit's data, and Reddit has signed a similar agreement with Google.
During the call, Huffman also discussed other AI-related topics. He mentioned that Reddit's AI language translation feature has achieved good results, with France being one of the fastest-growing countries. Additionally, Reddit plans to expand the translation feature to languages such as German, Spanish, and Portuguese.
It is worth noting that Reddit has recently gone public and this is their second quarterly earnings report. In the latest report, Reddit announced that its weekly active users have reached 342.3 million, a surge of 57% year-over-year. Moreover, the company's revenue has reached $281.2 million, exceeding Wall Street's expectations.
Key Points:
🌟 Reddit will introduce an AI-driven search results page, providing AI-generated content summaries.
🤖 Reddit has partnered with OpenAI to utilize its large language models to build new features.
📈 Reddit's weekly active users have reached 342.3 million, with revenue exceeding market expectations.