OPENAI WARNS AGAINST SPVS AND OTHER ‘UNAUTHORIZED' INVESTMENTS

Summary from the TLDR AI newsletter

OpenAI has warned investors against unauthorized opportunities to gain exposure to OpenAI, including special purpose vehicles (SPVs). While not every offer of OpenAI equity is problematic, some firms are attempting to circumvent the startup's transfer restrictions. These sales will not be recognized and will carry no economic value to buyers. Anthropic has also told investors to avoid using SPVs to invest in an upcoming round.