OpenAI Acquires AI Personal Finance Startup Hiro Finance
OpenAI has acquired Hiro Finance, an AI-driven personal finance startup, positioning the tech firm to expand into AI-powered financial planning tools without transferring existing user data.
Key Points
- OpenAI acquires AI personal finance startup Hiro Finance
- Hiro Finance offered AI-powered 'personal CFO' for financial planning
- No user data from Hiro Finance will be transferred to OpenAI
- Acquisition signals OpenAI's expansion into fintech sector
Full Details
OpenAI announced the acquisition of Hiro Finance, an AI-powered personal finance startup founded by Ethan Bloch in 2023. The strategic acquisition aims to expand OpenAI's capabilities into AI-driven financial planning tools, including budgeting, savings optimization, and personal CFO services. Hiro Finance offered users an AI-powered 'personal CFO' to model financial scenarios and optimize budgeting decisions. Notably, OpenAI confirmed that no user data from Hiro Finance will be transferred as part of the acquisition, addressing potential privacy concerns. The move signals OpenAI's strategic expansion into the fintech sector, leveraging AI technology to enhance personal financial management tools.
Why It Matters
This acquisition represents a significant expansion of AI technology into personal finance management, potentially transforming how individuals approach budgeting and financial planning.
Get stories like this delivered daily
AI-curated news, personalized to your interests. Zero noise.
Start 7-Day Free Trial →More in Technology & Startups
Loop Raises $95M Series C to Expand AI Supply Chain Platform
San Francisco-based Loop has raised $95 million in Series C funding to expand its AI-powered supply chain management platform and grow its team.
Tesla brings its robotaxi service to Dallas and Houston
Tesla is expanding its robotaxi service to Dallas and Houston, according to a social media post from the company. The post says simply that “Robotaxi is now rolling out in Dallas & Houston 🤠” and includes a 14-second video showing Tesla vehicles driving without human monitors or drivers in the front seat. The company now […]
The RAM shortage could last years
According to Nikkei Asia, even as suppliers ramp up DRAM production, manufacturers are only expected to meet 60 percent of demand by the end of 2027. SK Group chairman has even said that shortages could last until 2030. The world's largest memory makers - Samsung, SK Hynix, and Micron - are all working to add […]
AI chip startup Cerebras files for IPO
Cerebras Systems, an AI chip maker founded in 2016, filed its S-1 for an IPO in mid-May 2026, marking its second attempt after a 2024 filing was withdrawn amid a U.S. security review of a UAE-based investment. The 2025 filing shows revenue of $510 million, up 76% year-over-year, with a net income of $237.8 million (though non-GAAP recorded a loss of $75.7 million). The company is backed by a $1 billion Series H round valuing it at $23 billion and has a $24.6 billion order backlog, primarily from