Reddit acquires Memorable AI to integrate AI technology into advertising capabilities.
Reddit acquires Memorable AI, a creative AI platform, in its first acquisition since going public in March. Memorable AI uses AI to help marketers improve ad performance, and this acquisition aligns with Reddit's strategy to integrate machine learning and generative AI technologies into its advertising capabilities. The acquisition aims to enhance campaign planning and increase ad spend ROI for advertisers, with Reddit generating 98% of its revenue from ads.
8 months ago
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