Reddit Introduces AI-Powered Feature to Simplify Information Search — Currently in Testing Phase
Recently, Reddit has rolled out a test feature based on artificial intelligence — Reddit Answers. This feature is akin to a chatbot like ChatGPT, capable of answering users' questions in real-time and simplifying information search.
Currently, this feature is available to a limited number of users in the United States and only supports the English language. There are plans to make it widely accessible in the future.
With Reddit Answers, redditors can ask questions and receive answers using a new, AI-powered conversational interface. Once a question is asked, curated summaries of relevant conversations and details across Reddit will appear, including links to related communities and posts. People know that Reddit has answers, advice, and perspectives on almost anything they're looking for, and AI-powered search is part of our longer-term vision to improve the search experience on Reddit – making it faster, smarter, and more relevant.
Notably, after the announcement of the new feature, Reddit's shares increased by 10%, but then their price began to gradually decline.
It's worth mentioning that the number of Reddit users continues to grow rapidly. For instance, in the third-quarter report ending September 30, it was revealed that the daily user count reached 97.2 million people. This is a 47% increase compared to last year. Moreover, the average global revenue per user (ARPU) increased by 14% compared to the previous year, reaching $3.58.
