After publishing Reddit Answers, an artificial intelligence-powered search feature meant to improve user interaction on the platform, Reddit (NYSE:RDDT) shares jumped in early trade Monday. Introduced in a blog post, the technology lets users ask questions and receive curated answers using an AI-powered conversational interface. With choices for more research via follow-up questions, it offers summaries of pertinent conversations, links to connected communities, and inline answers from Redditors. Originally exclusively in English and now in a test version accessible to a small number of U.S. users, Reddit Answers is intended to grow over time into more languages and locations. The evolution tracks Reddit’s earlier content licensing agreement with Google (GOOG, GOOGL), which lets the search behemoth utilize Reddit material to train its artificial intelligence models. Reddit Answers seems to be somewhat similar to Google’s AI Outlook instrument. Reddit’s stock has skyrocketed over 200% since its public listing in March, a reflection of great investor interest in the company’s innovation and expansion plan.
This article first appeared on GuruFocus.