OpenAI has issued a strong warning against any claims of “OpenAI tokens” being equity, particularly in light of a recent Robinhood offering. The company clarified, via a post on X (formerly Twitter), that it is not involved in these crypto-like financial products and emphasized that all transfers of OpenAI equity require its approval, which was not granted. Elon Musk, OpenAI’s co-founder, controversially labeled the company’s equity as “fake,” intensifying the scrutiny on OpenAI’s unique hybrid structure, where a nonprofit oversees a capped-profit subsidiary. This complexity restricts traditional equity ownership, making claims to ownership ambiguous. The situation raises red flags for investors amid an AI financial boom, highlighting the potential for misinformation and scams. As the landscape evolves, transparency from companies like OpenAI becomes essential to protect investors from misleading products and ensure clarity in ownership amidst the burgeoning AI frenzy.
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