Community message board and social news aggregator Reddit, founded in 2005, has filed to go public on the New York Stock Exchange in an IPO observers say may be complete in a matter of weeks. It is the first social media company to go public in many years, with Snap Inc.’s 2017 offering cited as the most recent stock market splash. Reddit’s bankers are reportedly seeking a $5 billion valuation, about half the $10 billion it was valued at for a 2021 private funding round. Reddit filed with the SEC the same day it announced an “expanded partnership” with Google to use Vertex AI. Continue reading Reddit Announces IPO on Heels of Expanded Deal with Google

OpenAI’s new AI chatbot, ChatGPT, is taking the world by storm. “Quite simply, the best artificial intelligence chatbot ever released to the general public,” is how The New York Times describes ChatGPT, which more than a million people signed up for when it opened for testing last week. Screenshots of ChatGPT conversations blew up Twitter. “Something big is happening,” tweeted one fan. “I just had a 20-minute conversation with ChatGPT about the history of physics … OMG,” offered another. The acronym stands for “generative pre-trained transformer,” a language model that leverages deep learning to respond to text-based input with human-like responses. Continue reading ChatGPT: OpenAI’s New Chatbot Draws Praise and Criticism

Last week, when Facebook launched a project — Create React App — to help React developers begin new projects, it became the first to live in the Facebook Incubator on GitHub, the company’s new process for releasing open-source projects. Facebook has already open-sourced almost 400 projects, and, with the Incubator, the company wants to make sure it could manage new programs efficiently and create the best chance for their success. Facebook has hundreds of thousands of followers on GitHub. Continue reading Facebook Debuts GitHub Incubator for Open-Source Projects