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Context is everything.
Detailed stories on technology startups, business and economic current affairs.
Detailed stories on technology startups, business and economic current affairs.
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 …
The artificial intelligence company has signed four deals amid fundraising talks; Aramco buys more of Saudi Arabia’s AI company.
The UAE is looking at its first public listing of the year while Egypt just delivered a big one; OpenAI’s bugging accused has ties to Saudi Arabia; and other updates from the week.
The arrest and charges against an employee of the artificial intelligence company, fewer early-stage VC deals, and other updates.
