OpenAI Acquires AI Finance Startup Hiro

OpenAI has acquired Hiro Finance, a startup specializing in AI-powered personal finance tools, in a deal that will integrate the company's team into the ChatGPT developer's operations while shutting down the service. The acquisition, announced by Hiro founder Ethan Bloch on LinkedIn on April 13, was confirmed by OpenAI. Hiro will cease operations on April 20, with all user data deleted from its servers by May 13, allowing existing customers to export their information beforehand.

Hiro, founded in 2023 and backed by venture firms Ribbit Capital, General Catalyst, and Restive, launched its main product about five months ago. The tool functioned as an "AI personal CFO," enabling users to input details such as salary, debts, and monthly expenses to simulate various financial scenarios and receive tailored planning advice. Bloch highlighted the platform's focus on accurate financial calculations, including a built-in verification feature to check the AI's math. The company reported helping users manage over $1 billion in assets, though it employed fewer than 50 people, with LinkedIn profiles indicating around 10 associates.

This marks OpenAI's second acquisition in the personal...