OpenAI Clarifies: No Partnership with Robinhood on 'OpenAI Tokens'
OpenAI denies involvement with Robinhood's 'OpenAI tokens', stressing they are not equity. Learn more about this important clarification.
On Wednesday, OpenAI made a public statement distancing itself from the so-called 'OpenAI tokens' being offered by Robinhood Markets, Inc. (NASDAQ:HOOD). The company emphasized that these tokens do not represent OpenAI equity and clarified that it has no partnership or involvement with Robinhood regarding this product.
In a detailed post shared on X, OpenAI's Newsroom highlighted that any transfer of its equity requires the company’s explicit approval, which was not granted in this situation. The statement urged users to exercise caution and not to misconstrue these tokens as a legitimate equity stake in OpenAI.
The announcement stated, 'These ‘OpenAI tokens’ are not OpenAI equity. We did not partner with Robinhood, were not involved in this, and do not endorse it. Any transfer of OpenAI equity requires our approval — we did not approve this.'
This clarification comes amid growing interest and speculation surrounding investments in AI technologies and companies. OpenAI's swift response aims to prevent any misunderstandings about the nature of the tokens being offered and to protect potential investors from misinformation.
The full story on this development can be found on Benzinga.com, providing more insights into how OpenAI is managing its brand and equity amidst the evolving investment landscape.