Reported about 12 hours ago
OpenAI has firmly condemned Robinhood's recent sale of 'OpenAI tokens,' clarifying that these tokens do not represent equity in the company. The CEO, Sam Altman, stated that OpenAI did not partner with Robinhood and does not endorse this initiative, emphasizing that any transfer of their equity requires approval which was not granted in this case. Robinhood's attempt aims to provide investors indirect exposure to OpenAI's shares through a special purpose vehicle, but OpenAI warned that these tokens do not equate to ownership of actual shares.
Source: YAHOO