OpenAI has acquired Roi, an AI-based finance app.The terms of the deal have not been disclosed, but the acquisition reinforces OpenAI’s push into financial technology.
Founded back in 2022 in New York, Roi set out to solve the problem of personalisation in finance with the help of artificial intelligence. Chief executive Sujith Vishwajith confirmed the acquisition, which will bring the startup’s expertise to OpenAI. The company has raised $3.6 million in early-stage funding from investors like Balaji Srinivasan, Spark Capital, Gradient Ventures, and Spacecadet Ventures.
The app will shut down its services for customers on October 15. Its shutdown is an indicator of change because the team will become part of the larger mission of OpenAI’sscalable AI systems. This occurrence comes after recent such as Context.ai, Crossing Minds, and Alex.