Reddit rolls out its own AI-powered search tool after cracking down on AI companies

Reddit’s RDDT stock jumped 4% by mid-afternoon on Monday in response to the new AI search tool.

Reddit has spent the past six months blocking data scrapers from artificial intelligence companies that refused to pay for access to its vast content database. Now, the social media site has rolled out a new tool of its own that utilizes AI to search the site. And Reddit stock (Nasdaq: RDDT) is soaring, climbing 4% to $169 per share by mid-afternoon on Monday.