Openai Warns Against Spvs and Other ‘Unauthorized’ Investments
OpenAI Warns Against SPVs and Other 'Unauthorized' Investments Amid AI Investment Frenzy San Francisco, August 24, 2025 – The hashtag #OpenAIWarning is trending on X as OpenAI, the maker of ChatGPT, issued a stern warning against unauthorized investments, particularly special purpose vehicles (SPVs), that claim to offer exposure to the company’s equity. In a blog post published on July 16, 2025, OpenAI cautioned investors about firms marketing “unauthorized opportunities” through SPVs, tokenized equity, forward contracts, and other mechanisms, emphasizing that such transactions violate the company’s transfer restrictions and may carry no economic value.
