Why a Leading AI Firm Is Warning People Not to Buy Its Stock

Why a leading AI firm is warning people not to buy its stock

SAN FRANCISCO (KRON) -- One of the biggest names in artificial intelligence is warning people not to invest in its stock. While that may seem counterintuitive behavior for a startup, in this case there is good reason for it. Leading AI firm OpenAI is not a publicly traded company. However, in a blog post Tuesday, the San Francisco-based company is warning people to be aware of unauthorized and false promises to give investors access to equity in…

OpenAI Warns Against Investing in Its Stock

OpenAI isn't a publicly-traded company — yet, at least — and as such, the company's express written consent is necessary for the sale or transfer of its equity. But that massive caveat has not, apparently, stopped sleazy operators from trying to rip would-be investors off with shady promises of buying into the red-hot artificial intelligence giant. In a new blog post, OpenAI warned that there are bad actors out there attempting to make "unauthor…

OpenAI warns against SPV investments

OpenAI, one of the most influential companies in the world of artificial intelligence, has issued a warning for investors due to the increasing number of unauthorized offers to invest in the company through specialized funds - the so-called. SPVs (special purpose vehicles). In a post on its blog, OpenAI points out that such offers are attempts to circumvent internal restrictions on the transfer of ownership shares.  "We urge everyone who receive…