OpenAI buys its second startup in a month

Source: Engadget

Acquisition of Hiro Finance

OpenAI has acquired Hiro Finance, a startup that offers AI‑powered financial planning tools. The deal was announced on Monday, but fiscal terms were not disclosed. Hiro founder Ethan Bloch wrote on LinkedIn that the company’s product will stop working on April 20, and users have until May 13 to migrate their data off Hiro’s servers before everything is deleted.

Potential Impact on OpenAI’s Offerings

It is unclear whether OpenAI plans to launch a dedicated financial‑planning tool similar to Hiro. Earlier this year, OpenAI released Prism, a Claude‑Code‑like app for scientific research that built on its acquisition of the startup behind Crixet. At the very least, some of Hiro’s expertise is likely to be integrated into OpenAI’s chatbot. Bloch noted on LinkedIn:

“For decades, personalized financial guidance has been too expensive, too generic, or too hard to access. ChatGPT is finally changing that.”

Recent Acquisition Activity

This is the second acquisition announced by OpenAI within two weeks. At the start of the month, the company bought Technology Business Programming Network (TBPN), a media company known for its daily tech podcast.

Context

OpenAI continues to invest in startups that may not be central to its core business, even as it targets the coding market to compete with Anthropic.

Original article: Engadget – OpenAI buys its second startup in a month