OpenAI Acquires Hiro Finance, Its Second Startup in a Month
OpenAI buys its second startup in a month
engadgetImage: engadget
OpenAI has acquired Hiro Finance, a startup specializing in AI-driven financial planning tools, marking its second acquisition in two weeks. While the financial details remain undisclosed, Hiro's services will cease on April 20, 2024, prompting users to migrate their data by May 13. This acquisition may enhance OpenAI's chatbot capabilities in financial guidance.
- 01OpenAI acquired Hiro Finance, focusing on AI-powered financial planning.
- 02The acquisition is seen as an 'acquhire,' with Hiro's services ending soon.
- 03Users must migrate data before May 13, 2024, as services will stop on April 20.
- 04This is OpenAI's second startup acquisition within two weeks.
- 05The move may strengthen OpenAI's chatbot offerings in personalized financial guidance.
Advertisement
In-Article Ad
OpenAI has announced the acquisition of Hiro Finance, a startup that provides AI-powered financial planning tools. The deal, reported by TechCrunch, did not disclose financial terms but is believed to be an 'acquhire' aimed at integrating Hiro's expertise into OpenAI's products. Hiro's founder, Ethan Bloch, indicated on LinkedIn that the company's services would cease on April 20, 2024, with users given until May 13, 2024, to transfer their data. This acquisition follows OpenAI's earlier purchase of Technology Business Programming Network (TBPN), a media company known for its tech podcast, just weeks prior. Despite the challenges OpenAI faces in achieving profitability, the company is actively investing in startups that may not directly align with its core business, which currently focuses on coding tools to compete with rivals like Anthropic. Bloch emphasized the potential for ChatGPT to democratize personalized financial guidance, a service that has traditionally been inaccessible to many.
Advertisement
In-Article Ad
Advertisement
In-Article Ad
Reader Poll
Do you think AI can improve financial planning for everyday users?
Connecting to poll...
More about OpenAI
Read the original article
Visit the source for the complete story.






