OpenAI Denounces Robinhood's Use of 'OpenAI Tokens'
📷 Image source: techcrunch.com
OpenAI has publicly criticized Robinhood for its promotion of so-called 'OpenAI tokens,' a move the AI company claims misleads consumers by suggesting an official partnership or endorsement. In a statement released on Wednesday, OpenAI clarified that it has no affiliation with Robinhood's cryptocurrency offerings and urged the trading platform to cease using its branding.
Robinhood, known for its commission-free trading app, recently introduced these tokens as part of its crypto services, sparking confusion among users. OpenAI emphasized that unauthorized use of its name could harm its reputation and create false expectations about the legitimacy of the tokens.
The AI firm has not ruled out legal action if Robinhood continues to leverage the OpenAI name without permission. Meanwhile, Robinhood has yet to respond to the allegations, leaving investors and customers awaiting further clarification on the matter.
