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OpenAI disavows online broker Robinhood's sale of 'OpenAI tokens'
OpenAI has condemned online brokerage firm Robinhood's sale of "OpenAI tokens," saying they will not give consumers stock in the company.
The statement addresses a recent move by Robinhood to provide European investors access to what it calls a limited stock token on OpenAI and SpaceX. "They aren’t technically 'equity'... [but]the tokens effectively give retail investors exposure to these private assets," Robinhood CEO Vlad Tenev wrote in a post on X. "Our giveaway plants a seed for something much bigger and since our announcement we’ve been hearing from many private companies that are eager to join us in the tokenization revolution."
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