#Chatbots

OpenAI Says It Does Not Endorse Robinhood’s Stock Tokens – PYMNTS.com

Welcome to the forefront of conversational AI as we explore the fascinating world of AI chatbots in our dedicated blog series. Discover the latest advancements, applications, and strategies that propel the evolution of chatbot technology. From enhancing customer interactions to streamlining business processes, these articles delve into the innovative ways artificial intelligence is shaping the landscape of automated conversational agents. Whether you’re a business owner, developer, or simply intrigued by the future of interactive technology, join us on this journey to unravel the transformative power and endless possibilities of AI chatbots.
An OpenAI social media post reportedly impacted Robinhood’s stock price and set off a debate about the stock tokens Robinhood announced Monday (June 30).

Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required.






yesSubscribe to our daily newsletter, PYMNTS Today.
By completing this form, you agree to receive marketing communications from PYMNTS and to the sharing of your information with our sponsor, if applicable, in accordance with our Privacy Policy and Terms and Conditions.



“These ‘OpenAI Tokens’ are not OpenAI equity,” the OpenAI Newsroom account said in a Wednesday (July 2) post on X. “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. Please be careful.”
About three hours later, Robinhood CEO and Co-Founder Vlad Tenev said in a post on X that the company’s giveaway of OpenAI stock tokens “plants a seed for something much bigger” and that Robinhood has heard from private companies that want to join in on this tokenization offering.
“While it is true that they aren’t technically ‘equity’ (you can see the precise dynamics in our Terms for those interested), the tokens effectively give retail investors exposure to these private assets,” Tenev said in the post.
Bloomberg reported Thursday (July 3) that Robinhood’s shares fell as much as 6% Thursday after OpenAI posted its statement and that the post set off a broader debate about the tokenization of shares of private companies.
A Robinhood spokesperson told Bloomberg: “The tokens are enabled by Robinhood’s ownership stake in a special purpose vehicle. So while we don’t technically ‘own shares,’ the tokens give customers exposure to private market.”
Robinhood announced Monday that it was launching U.S. stock and exchange-traded fund (ETF) tokens in the European Union, giving eligible customers exposure to U.S. equities with Robinhood stock tokens.
The company said that the offering gives European customers access to more than 200 U.S. stock and ETF tokens, with stock token holders receiving dividend payments directly in their app.
“With tokenized stocks, our European app transitions from being a crypto-only app to an all-in-one investment app powered by crypto,” Robinhood said in a Monday press release.
On the same day, the Robinhood EU account announced in a post on X the giveaway referenced later by Tenev.
“We’re giving away the first Private Company Stock Tokens of Open AI and Space X,” the post said. “If you’re a Robinhood EU customer and you qualify, you are now able to claim your tokens in-app until July 7th.”
OpenAI Says It Does Not Endorse Robinhood’s Stock Tokens
B2B FinTech Qonto Files for French Banking License
Ramp Launches Enhanced Corporate Cards That Integrate With Accounting Platforms
BECU Acquires GenAI Capabilities and Team Members From EarnUp
We’re always on the lookout for opportunities to partner with innovators and disruptors.

source

OpenAI Says It Does Not Endorse Robinhood’s Stock Tokens – PYMNTS.com

OpenAI to Launch AI-Powered Web Browser to