As Reddit Inc. RDDT celebrates its twentieth anniversary, CTO Chris Slowe mentioned how the platform’s distinctive mix of AI-powered search and human-driven content material distinguishes it from each conventional engines like google like Alphabet Inc.’s GOOG GOOGL Google and AI firms like OpenAI, in addition to social media giants like Elon Musk’s X, Meta Platforms, Inc.’s META Instagram and ByteDance-owned TikTok.
What Occurred: In an interview with The Verge that was revealed on Saturday, Slowe talked about that as Reddit enters its third decade, the platform has embraced AI to boost person expertise.
The rollout of instruments like Reddit Solutions, a function that makes use of AI to generate concise summaries from the platform’s wealth of user-generated content material, will be seen for example of this growth.
Slowe emphasised that Reddit’s AI instruments are distinct as a result of they hyperlink again to the unique posts, sustaining a direct connection to the community-based content material.
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“Should you simply need the brief abstract, it is there. If you wish to delve deeper, it is a better technique to get into it,” Slowe defined.
Slowe additionally addressed Reddit’s choice to collaborate with AI giants like Google and OpenAI, whereas defending its personal information. He famous, “We aren’t a charity… do not construct your enterprise on our again and anticipate us to not defend ourselves.”
When requested concerning the competitors from AI-powered search instruments, Slowe stated that Reddit goals to maintain its id intact. “Maintain permitting Reddit to be Reddit.”
Slowe stated that the platform does not require customers to share their actual names. The truth is, a person’s status on the platform is formed by what they contribute, not by who they’re in actual life — a mannequin he says stands in drastic distinction to different social media platforms like Instagram, TikTok or Fb.
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Why It is Necessary: School roommates Steve Huffman and Alexis Ohanian launched Reddit in 2005 and constructed the fledgling platform on a decent price range till it was acquired by Condé Nast a yr later.
The location struggled to search out its footing below the media big’s possession, main the founders to step away as the corporate misplaced its sense of course.
Finally, Condé Nast spun Reddit again out as an impartial entity. When person discontent reached a boiling level in 2015, Huffman returned as CEO to steer the corporate by way of turbulent waters.
Over the following 9 years, Reddit regained stability and grew its income greater than fiftyfold, culminating in a long-awaited IPO almost 20 years after its founding.
Reddit, which made its public debut in March 2024, continues to rank among the many world’s most-visited web sites. Based on Semrush, as of April 2025, Reddit.com is the seventh most visited web site globally.
It at present has a market cap of $26.38 billion.
Value Motion: Based on information from Benzinga Professional, Reddit’s inventory has surged by 210.89% over the previous 5 years, regardless of being down 13.80% year-to-date. Over the previous yr alone, shares have climbed 114.75%.
Benzinga’s Edge Inventory Rankings point out that Reddit’s shares are sustaining an upward pattern throughout brief, medium and long-term durations. Extra in-depth efficiency insights will be discovered right here.
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Disclaimer: This content material was partially produced with the assistance of AI instruments and was reviewed and revealed by Benzinga editors.
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