American Express, a leading credit card company, announced its acquisition of Hyper, a startup specializing in artificial intelligence-driven expense management. Founded in 2022, Hyper has developed AI agents capable of categorizing expenses, filing reports, and ensuring compliance with company policies. This acquisition reflects a broader trend among financial firms to integrate AI into their core business operations. American Express CEO Stephen Squeri highlighted that AI is driving a 'structural shift' in business operations, particularly in automating manual tasks like expense management. The financial details of the deal remain undisclosed, but it is expected to close in the second quarter of 2026. This acquisition follows AmEx's recent launch of a new commercial credit card that offers cashback rewards, indicating the company's strategy to enhance its presence in the commercial sector.