OpenAI and Anthropic Tighten Controls on Investment Vehicles
Key Insights
OpenAI and Anthropic are implementing stricter regulations on Special Purpose Vehicles (SPVs) in their funding rounds to enhance transparency and mitigate risks associated with these investment structures. ([ft.com](https://www.ft.com/content/452c7260-8510-4ffc-9cae-19446af3d553?utm_source=openai))
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Clamping Down on SPVs: A Strategic Move
- Enhanced Transparency: Both OpenAI and Anthropic are tightening controls on Special Purpose Vehicles (SPVs) to prevent opaque investor lists and potential fraud.
- Investor Relations: While not outright banning SPVs, the companies now demand full transparency and are limiting backers' ability to sell shares without prior approval.
Contextualizing the Decision
- Funding Frenzy: The AI sector is experiencing a funding boom, with OpenAI recently raising $8.3 billion and Anthropic targeting $5 billion, leading to heightened scrutiny over investment structures.
- Regulatory Landscape: These measures also reflect increased vigilance over foreign investments in U.S. AI companies, especially those with government contracts, amid concerns about national security and technological sovereignty.