OpenAI Says Tokens Are Not Equity, No Partnership With Robinhood: Musk Says AI Company's Equity 'Is Fake'

OpenAI publicly stated on Wednesday that the so-called "OpenAI tokens" offered by Robinhood Markets, Inc. HOOD are not OpenAI equity and clarified it has no partnership or involvement with Robinhood regarding the product. The Details: OpenAI Newsroom said in a post on X that any transfer of its equity requires company approval, which was not granted in this case, and advised users to be cautious. "These ‘OpenAI tokens’ are not OpenAI equity. We did not partner with Robinhood, were not involved in this, and ...