Reddit's CEO calls his company 'the fuel' for artificial intelligence

Reddit CEO Steve Huffman said his company may be one of the most underappreciated winners of the artificial intelligence boom."There's no artificial intelligence without actual intelligence," he said on "Mad Money." "The knowledge has to come from somewhere, and Reddit is one of the primary sources for that sort of information that AI's crave, but also that people crave."The comments come after Reddit delivered a standout quarter on Thursday evening, sending shares about 9% higher in extended trading. Revenue jumped 69% year over year to $663 million, most of which comes from advertising, and daily active users climbed 17% to 126.8 million. Gross margins exceeded 90%, a level that stands out even among top-performing tech companies. "We're a lightweight company," he said.

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