{"id":92223,"date":"2025-08-24T11:45:08","date_gmt":"2025-08-24T11:45:08","guid":{"rendered":"https:\/\/www.newsbeep.com\/au\/92223\/"},"modified":"2025-08-24T11:45:08","modified_gmt":"2025-08-24T11:45:08","slug":"openai-warns-against-spvs-and-other-unauthorized-investments","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/au\/92223\/","title":{"rendered":"OpenAI warns against SPVs and other \u2018unauthorized\u2019 investments"},"content":{"rendered":"<p id=\"speakable-summary\" class=\"wp-block-paragraph\">In <a rel=\"nofollow noopener\" href=\"https:\/\/openai.com\/policies\/unauthorized-openai-equity-transactions\/\" target=\"_blank\">a new blog post<\/a>, OpenAI warns against \u201cunauthorized opportunities to gain exposure to OpenAI through a variety of means,\u201d including special purpose vehicles, known as SPVs.<\/p>\n<p class=\"wp-block-paragraph\">\u201cWe urge you to be careful if you are contacted by a firm that purports to have access to OpenAI, including through the sale of an SPV interest with exposure to OpenAI equity,\u201d the company writes. The blog post acknowledges that \u201cnot every offer of OpenAI equity [\u2026] is problematic\u201d but says firms may be \u201cattempting to circumvent our transfer restrictions.\u201d<\/p>\n<p class=\"wp-block-paragraph\">\u201cIf so, the sale will not be recognized and carry no economic value to you,\u201d OpenAI says.<\/p>\n<p class=\"wp-block-paragraph\">Investors have increasingly used SPVs (which pool money for one-off investments) as a <a href=\"https:\/\/techcrunch.com\/2024\/06\/01\/vcs-are-selling-shares-of-hot-ai-companies-like-anthropic-and-xai-to-small-investors-in-a-wild-spv-market\/\" rel=\"nofollow noopener\" target=\"_blank\">way to buy into hot AI startups<\/a>, prompting other VCs to <a href=\"https:\/\/techcrunch.com\/2025\/02\/27\/sequoias-roelof-botha-warns-chumps-not-to-buy-into-spvs\/\" rel=\"nofollow noopener\" target=\"_blank\">criticize them<\/a> as a vehicle for \u201ctourist chumps.\u201d<\/p>\n<p class=\"wp-block-paragraph\">Business Insider reports that OpenAI isn\u2019t the only major AI company looking to crack down on SPVs, with <a rel=\"nofollow noopener\" href=\"https:\/\/www.businessinsider.com\/anthropic-more-selective-spvs-menlo-ventures-2025-8\" target=\"_blank\">Anthropic reportedly telling Menlo Ventures<\/a> it must use its own capital, not an SPV, to invest in an upcoming round.<\/p>\n","protected":false},"excerpt":{"rendered":"In a new blog post, OpenAI warns against \u201cunauthorized opportunities to gain exposure to OpenAI through a variety&hellip;\n","protected":false},"author":2,"featured_media":92224,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[20],"tags":[256,254,255,64,63,5044,68454,105],"class_list":{"0":"post-92223","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-artificial-intelligence","8":"tag-ai","9":"tag-artificial-intelligence","10":"tag-artificialintelligence","11":"tag-au","12":"tag-australia","13":"tag-openai","14":"tag-spvs","15":"tag-technology"},"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts\/92223","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/comments?post=92223"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts\/92223\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/media\/92224"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/media?parent=92223"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/categories?post=92223"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/tags?post=92223"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}