OpenAI has acquired personal finance startup Hyro Finance, TechCrunch reported on April 14 local time.
Hyro founder Ethan Bloch (이선 블로크) disclosed the acquisition, and OpenAI also confirmed it.
The terms of the deal were not disclosed. Hyro's total funding was also not made public.
TechCrunch said the acquisition appeared largely aimed at securing talent.
Hyro will shut down on April 20 and delete all data from its servers on May 13. Bloch said Hyro employees would also join OpenAI with him. He did not disclose the exact number, but LinkedIn lists about 10 people associated with Hyro.
Founded in 2023, Hyro launched an AI financial planning tool for consumers late last year. When users enter financial information such as salary, debt and monthly spending, it calculates various hypothetical scenarios to help with financial decision-making.
In a product demonstration, Bloch said Hyro was trained with a focus on the accuracy of financial calculations. It also provides a feature that allows users to verify the accuracy of calculation results.
Chi-gyu Hwang
delight@d-today.co.kr