OpenAI condemns Robinhood’s ‘OpenAI tokens’
OpenAi wants to make it clear that the sale of Robinhood from “OpenAI tokens” will not give daily consumers – own capital – or shares – in OpenAI, the company said in a after Of his official newsroom account on X. OpenAi, it does not endorse the efforts of Robinhood, nor was it involved in facilitating token sale.
“These ‘OpenAi -Tokens’ are not an open capacity,” said OpenAi’s Newsroom account on Wednesday. “We did not cooperate with Robinhood, were not involved in this and do not endorse it. Every transfer of OpenAI -own capacity requires our approval – we have not approved a transfer. Be careful.”
OpenAi’s statement is a response to Robinhood’s announcement earlier this week that it would do it Start by selling so -called tokenized shares of OpenAi, SpaceX, And other private companies for people in the European Union.
Robinhood says that the launch is an attempt to give ordinary people exposure to fairness in the world’s most valuable private companies via blockchain. Hours after announcing these token sales, the share price of Robinhood shot at a record high.
But shares in private companies such as OpenAi and SpaceX are not available to the public. That is what makes them private. They sell shares to investors of their choice.
So OpenAi openly invales Robinhood’s efforts.
In response to the conviction of OpenAi, Robinhood spokesperson Rouky Diallo WAN told that OpenAi tokens was part of a “limited” away action to offer retail investors indirect exposure “via the ownership of Robinhood in a special goal vehicle (SPV).”
This suggests that Robinhood has shares of an SPV that checks a certain number of OpenAI shares. Just like the tokens, shares of SPVs are not direct ownership of shares. They are the property of a vehicle that has the shares. Somehow Robinhood seems to bind the price of his new Tokenized product to the OpenAI shares in that SPV. But the equity prices in an SPV can also differ from the prices of an actual share share.
In Robinhood Helpcentrum, The company notes that when buying one of its stocks of stock: “You do not buy the actual shares – you buy tokenized contracts that follow their price, recorded on a blockchain.”
“Although it is true that they are technically not ‘equity’, […] The tokens effective exposure to retail investors to these private assets, ”said Robinhood CEO Vlad Teev in one Post on X On Wednesday. “Our giveaway action is planning a seed for something much bigger, and since our announcement we have heard from many private companies that would like to come with us in the token reasons for the token.”
OpenAi refused to comment further. Robinhood did not respond to the additional questions from WAN about his SPV.
Private companies are known to reduce it against everything that can influence how their fairness is appreciated. In recent months, the Startup figure of Humanoid Robotics Ai Sent Staken-and-Hoofd letters to two brokers who ran secondary markets that brought the shares of the company to the market. Of course these situations are different, but most startups do not want people to believe that they have authorized the stock sale if they have not done so.
