OpenAI acquires personal finance startup Hiro Finance for an undisclosed sum; Hiro stops new signups, will shut down on April 20, and delete all data on May 13
OpenAI has acquired personal finance startup Hiro Finance, founder Ethan Bloch announced on Monday and OpenAI confirmed to TechCrunch.
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OpenAI Scoops Up Personal Finance Startup Hiro Finance
OpenAI acquires fintech startup Hiro Finance; the app will shut down April 20 and wipe all user data by May 13.
OpenAI just added another acquisition to its growing empire. The AI giant has purchased personal finance startup Hiro Finance for an undisclosed amount, as announced by founder Ethan Bloch and confirmed by OpenAI to TechCrunch.
Hiro is already winding down operations. New signups are closed. The service shuts its doors on April 20, and all user data gets permanently deleted on May 13. If you're a Hiro user, the clock is ticking to export anything you need.
The deal follows OpenAI's pattern of snapping up smaller startups, likely for talent and technology rather than the product itself. Financial terms weren't disclosed, which usually means the number isn't headline-worthy — or OpenAI simply doesn't want competitors knowing what it's paying for fintech brains.
What OpenAI plans to do with Hiro's team remains unclear.