Robinhood App Lets Americans Buy OpenAI, But Bank of America Warns There Are No “Rules to Protect Them”
At its current valuation of $852 billion (1), privately held OpenAI has been a mega winner for a select group of investors. But a recent deal with a retail-oriented brokerage has opened access to the ChatGPT creator. In a recent press release (2), Robinhood says it purchased $75 million in OpenAI common stock to add…