US EditionOpenAI Acquires AI Finance App Roi In CEO-Only Deal As Consumer Products Push Continues - Airbnb (NASDAQ:ABNB), Maplebear (NASDAQ:CART)
OpenAI acqui-hires Roi's CEO Sujith Vishwajith as the AI startup winds down, marking a move to enhance personalized consumer AI amid billions spent on infrastructure.
- On Friday, OpenAI acquired Roi, a New York-based AI personal finance app, with CEO Sujith Vishwajith joining while the rest of the four-person staff do not as the app winds down.
- Earlier this year, OpenAI completed multiple acqui‑hires including Context.ai, Crossing Minds, and Alex, signaling a pivot toward consumer products like Pulse and Sora amid heavy data centers and infrastructure spending.
- Founded in 2022 and backed with $3.6 million in seed funding, Roi focused on personalization by aggregating stocks, crypto, real estate, DeFi, and NFTs into one app with an AI chatbot.
- The shutdown will delete Roi user data, raising privacy concerns, while industry observers call it an acqui-hire to boost OpenAI's consumer revenue after its $500 billion valuation surge.
- Regulators may scrutinize AI financial advice as firms fold fintech talent into larger AI platforms, and integrating Roi's expertise could accelerate OpenAI's consumer AI tools handling sensitive investment data.
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OpenAI Acquires AI Finance App Roi In CEO-Only Deal As Consumer Products Push Continues - Airbnb (NASDAQ:ABNB), Maplebear (NASDAQ:CART)
OpenAI acquires Roi, an AI-driven personal finance app, with only its CEO joining the company. This follows OpenAI's trend of acqui-hires.
OpenAI Acquires AI-Powered Personal Finance Startup Roi, CEO Sujith Vishwajith To Join Company | 📲 LatestLY
ChatGPT-maker OpenAI has acquired an AI-powered personal fiannce startup called "Roi" at an undisclosed amount. As a part of this acquisition, Roi CEO Sujith Vishwajith will join the company and likely help in building the personal finance section at OpenAI. The companies have not disclosed the details of type of technology transfer as well. 📲 OpenAI Acquires AI-Powered Personal Finance Startup Roi, CEO Sujith Vishwajith To Join Company.
TechCrunch
With its latest acqui-hire, OpenAI is doubling down on personalized consumer AI
OpenAI is acquiring the CEO of Roi, an AI financial companion. Roi will sunset its service as its talent heads to OpenAI, ostensibly to help boost revenue in consumer apps.
OpenAI Acquires AI Fintech Startup Roi in Acqui-Hire Deal
In a move that underscores the accelerating convergence of artificial intelligence and personal finance, OpenAI has acquired Roi, a startup specializing in AI-driven investment tools. The deal, announced recently, involves the integration of Roi’s technology and talent into OpenAI’s expanding portfolio, signaling a strategic pivot toward consumer-facing applications. According to details reported by Engadget, Roi’s app provided users with person…
OpenAI set to double down on personalized AI with Roi acquisition
The post OpenAI set to double down on personalized AI with Roi acquisition appeared on BitcoinEthereumNews.com. OpenAI is set to complete the acquisition of Roi, an AI-powered personal finance application. The deal follows the AI industry trend of the CEO jumping ship with the acquisition. The announcement was made by chief executive and co-founder Sujith Vishwajith on his personal X account on Friday. “I’m excited to announce that Roi has been …
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