OpenAI, the AI leader behind ChatGPT, has issued a cautionary message regarding “unauthorized investment opportunities” linked to its equity. In its recent blog post, OpenAI emphasized that all equity transfers require written consent, meaning any attempt to transfer shares without such approval is void. The company is aware of entities promoting unauthorized methods to gain exposure to its equity through Special Purpose Vehicles (SPVs), which violate its transfer restrictions and could nullify the equity itself. Furthermore, these unauthorized transactions could breach US federal or state securities laws, risking liability for both buyers and sellers. OpenAI warns that while not all equity offers are problematic, some firms may attempt to circumvent transfer restrictions, rendering those sales invalid. Investors are advised to exercise caution and conduct thorough due diligence before engaging in any offers claiming to provide access to OpenAI’s equity.
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