With OpenAI quickly distancing itself, the fintech’s stock-to-crypto scheme comes under scrutiny.
Financial services company Robinhood last week announced US stock and ETF tokens for customers in the EU. But soon after, OpenAI—one of the companies whose “token” is available on Robinhood—distanced itself from the project.
“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 any transfer,” said the AI research company in a post on social media platform X.
OpenAI’s objection to these stock tokens is valid and calls for more scrutiny on what Robinhood insists …
Sethu writes on all things technology at The Morning Context. He previously worked as a senior sub-editor at Indian Express.
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