OpenAI has publicly disputed Robinhood's claim that it is offering tokens providing access to its equity, deeming the product unauthorized and misleading.
Disputes Between OpenAI and Robinhood
OpenAI stated that the 'OpenAI tokens' offered by Robinhood in the European Union do not mean that holders own any part of the company. The tokens are not connected to OpenAI, emphasizing the need for caution when investing.
Public Reaction
The public response to Robinhood's claims was sharply negative. Elon Musk, a co-founder of both OpenAI and SpaceX, labeled the claims 'fake.' Experts also raised concerns about the legal and ethical implications of selling synthetic exposure.
Ethical and Legal Issues
The situation surrounding the tokenization of private markets has sparked concerns among industry professionals, with other companies like Figure AI taking legal actions against similar unauthorized token sales.
The discussion between OpenAI and Robinhood highlights significant legal and ethical issues surrounding the tokenization of private assets and the necessity for investor awareness.
