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OpenAI, Robinhood and European Union

TechRepublic · 1d

OpenAI Warns Investors About Robinhood’s Crypto Token Launch: ‘No Equity Transfer Approved’

Robinhood’s stock hit record highs with its crypto token launch, but shares slid after OpenAI denied involvement, warning the tokens aren’t legitimate equity.

TheStreet on MSN · 1d

OpenAI's warning sparks EU review of Robinhood's stock token

OpenAI's warning over token misuse prompts EU regulators to investigate Robinhood's stock token offering. The Bank of Lithuania, which regulates Robinhood on behalf of the European Union, has begun an investigation into the company's newly announced tokenized equity products related to OpenAI and SpaceX.

CNBC on MSN · 2d

Robinhood stock tokens face scrutiny in the European Union after OpenAI warning

The Bank of Lithuania, Robinhood's lead EU regulator, said it is "awaiting clarifications" regarding the structure of the company's OpenAI and SpaceX stock tokens. Robinhood says its stock tokens give users the ability to invest in shares in the form of blockchain-based tokens.

16h

Robinhood Says OpenAI Stock Tokens Backed by Special Purpose Vehicle

Robinhood tokens offering equity in OpenAI technically aren't equity, Vlad Tenev confirmed in a recent CNBC interview, but ...

1d

OpenAI Poaches 4 High-Ranking Engineers From Tesla, xAI, and Meta

The new hires are joining OpenAI’s scaling team, according to an internal Slack message sent by cofounder Greg Brockman.

5d

How Robinhood is causing trouble with fake OpenAI and SpaceX shares

Robinhood brings tokenized shares in SpaceX and OpenAI to Europe – without the companies' consent. Is this democratization or ...

6d

Elon Musk Throws Shades At Rival Sam Altman’s OpenAI Over Token Transfer To Robinhood Trading App

To cap off our recent crypto event, we announced a limited Stock Token giveaway on OpenAI and SpaceX to eligible European ...

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