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OpenAI condemns Robinhood’s ‘OpenAI tokens’
OpenAI said Wednesday that it does not endorse Robinhood's sale of "OpenAI tokens," noting that these are not equity in the company.
Robinhood says the launch represents an attempt to give everyday people exposure to equity in the world’s most valuable private companies via blockchain. In response to OpenAI’s condemnation, Robinhood spokesperson Rouky Diallo told TechCrunch that OpenAI tokens were part of a “limited” giveaway to offer retail investors indirect exposure “through Robinhood’s ownership stake in a special purpose vehicle (SPV).” Previously with Gizmodo, Bloomberg, and MSNBC, Zeff has covered the rise of AI and the Silicon Valley Bank crisis.
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