TechFlow news, July 7 — According to Caixin, after OpenAI urgently refuted claims that it had not authorized Robinhood and stated that the so-called "OpenAI token" does not represent equity in OpenAI, a Robinhood spokesperson said the OpenAI token would provide investors with indirect exposure to OpenAI through Robinhood's ownership interest in an SPV. This means Robinhood does not directly hold shares in OpenAI, but rather holds them indirectly via an SPV, linking the price of the OpenAI token to the value of OpenAI shares held by that SPV.
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