 investment in the maker of ChatGPT. Ripplewood Advisors is understood to have called US law enforcement officials over the impersonation scam after the hoax press release appeared on the LSE's website and other newswires on Monday. The release claimed Ripplewood had invested $1bn in OpenAI, the US company behind the ChatGPT chatbot. It appeared on the LSE website's news feed through EQS, a German service for publishing financial news. The release claimed that Ripplewood, a 28-year-old company based in New York, planned to use ChatGPT technology to make investment decisions and predict trends, saying: 'Through the use of artificial intelligence, investors should benefit from greater accuracy in forecasting market developments.' The LSE said it had removed the announcement after being alerted by EQS. 'We were made aware of a potentially erroneous press release being displayed on the LSE website and other news platforms,' a spokesman said. 'The non-regulatory press release originated from one of our newswire partners and upon notification from them, the press release was deleted from our website.' EQS said it had deactivated the account behind the release and was investigating further. The account had previously published an announcement claiming Ripplewood was expanding its European business. 'EQS is a technical provider and not responsible for the distributed content. Due to the negative feedback after the publication today we decided to immediately deactivate the account of this user. We will further investigate,' a spokesman said. The LSE website automatically publishes press releases from providers including EQS, PR Newswire and Business Wire, alongside regulated announcements from listed companies. Ripplewood, formerly a private equity firm that had stakes in the Reader's Digest and bakery company Hostess Brands, has){kind=link}
Suspected fraudsters claimed US private equity firm invested $1bn in ChatGPT-maker
A US investment firm has alerted the FBI after suspected fraudsters published a fake announcement on the London Stock Exchange about a $1bn (£800m) investment in the maker of ChatGPT.
Ripplewood Advisors is understood to have called US law enforcement officials over the impersonation scam after the hoax press release appeared on the LSE’s website and other newswires on Monday.
The release claimed Ripplewood had invested $1bn in OpenAI, the US company behind the ChatGPT chatbot. It appeared on the LSE website’s news feed through EQS, a German service for publishing financial news.
The release claimed that Ripplewood, a 28-year-old company based in New York, planned to use ChatGPT technology to make investment decisions and predict trends, saying: “Through the use of artificial intelligence, investors should benefit from greater accuracy in forecasting market developments.”