Reddit reveals plans for AI-Powered summarizer for its platform and paid subreddits

The CEO of Reddit has announced plans to introduce new features and changes to diversify the platform's revenue streams. Among these updates are AI-powered search functionalities and the introduction of paid subreddits. The AI-enhanced search results, set to be tested later this year, will utilize both first-party and third-party models to summarize and recommend content, assisting users in exploring products, shows, games, and discovering new communities.

The AI search capabilities are expected to become a significant source of revenue for Reddit. By offering more personalized and relevant search results, the platform aims to attract advertisers looking to target specific user interests.

Additionally, Reddit is considering the introduction of paywalled subreddits, which could offer exclusive content or private areas as part of its monetization strategy.