OpenAI buys its second startup in a month
TL;DR
OpenAI has acquired Hiro Finance, a startup that offers AI-powered financial planning tools. As first reported by TechCrunch, fiscal terms of the deal, which was announced on Monday, were not disclosed by OpenAI. However, all signs point this to being an acquhire, with Hiro founder Ethan Bloch writing on LinkedIn that the company's product would stop working on April 20. Users have until May 13 to migrate their data off of Hiro's servers before everything is deleted.
Nauti's Take
OpenAI is buying speed via acquihire – a genuine advantage for talent acquisition. The risk: products users depend on get shut down in the process.
Hiro customers have until May 13 to migrate – fair but tight. Worth watching which financial features eventually land in ChatGPT.
Sources