Anthropic, OpenAI: Warn on Worthless Shares

Anthropic and OpenAI fired off stark warnings to buyers snapping up unauthorized shares in these AI giants through secondary markets. The companies stress that such trades, often funneled via special purpose vehicles (SPVs), violate transfer restrictions and may render the shares utterly worthless. This crackdown hits amid surging hype in AI startup investments, where unauthorized secondary market trading has plagued OpenAI and Anthropic over the past year, echoing risks seen in volatile sectors like Bitcoin (BTC) markets. Investors chasing AI industry impact ignore SPV risks at their peril—regulatory hurdles and voided agreements have historically wiped out gains in similar setups, turning hot deals cold fast. Decrypt reports these alerts aim to curb illicit trading as AI hype rivals crypto market crash recoveries.