RDDT CEO Huffman Says There Is No Artificial Intelligence Without Actual Intelligence – ‘And That Comes From Reddit’

Source Domain: stocktwits.com

Reddit reported $663 million in revenue for the first quarter, driven by a 74% growth in ad revenue.
The global daily active uniques on Reddit reached 126.8 million, with CEO Steve Huffman aspiring to grow this to 1 billion users.
Reddit’s advertising strategy focuses on scaling automation, delivering value across all objectives, and expanding the Reddit for Business ecosystem.
The company leverages valuable human content from over two decades to train artificial intelligence platforms, positioning itself well in the AI landscape.
The stock opened with the best single-day percentage gain in nearly a year following the report, showing strong market response to the earnings.
Reddit expects revenue to be between $715 million and $725 million for the second quarter, exceeding estimates.