"Hiro Finance, founded in 2023, launched its AI tool five months ago, providing users with AI-powered financial planning by modeling various what-if scenarios based on their financial data."
"A notable design choice of Hiro was a verification option that allowed users to check the accuracy of the AI's financial maths, addressing a common weakness in large language models."
"Ethan Bloch, a serial entrepreneur, has a consistent track record in fintech, having previously sold Digit for over $200 million and Flowtown for $5 million."
"This acquisition adds focused talent in consumer financial planning to OpenAI, which has previously acquired companies in the financial services space and markets ChatGPT for business finance teams."
Hiro Finance, an AI-powered personal finance startup, is shutting down on April 20 and will delete all user data by May 13. OpenAI has acquired Hiro, with founder Ethan Bloch and his team joining OpenAI. Hiro, founded in 2023, offered AI-driven financial planning tools. The app allowed users to input financial data and model scenarios for decision-making. Hiro was backed by Ribbit Capital and General Catalyst. Bloch has a history of successful ventures in fintech, marking this acquisition as his third exit.
Read at TNW | Investors-Funding
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