OpenAI has acquired Roi, an AI-driven personal finance app, marking a continued trend of acqui-hires this year. Roi’s CEO and co-founder, Sujith Vishwajith, announced that he is the sole member from the four-person team joining OpenAI, while the rest will see operations cease by October 15. Founded in 2022 and based in New York, Roi raised $3.6 million from notable investors including Balaji Srinivasan and Spark Capital. The app enabled users to manage financial assets such as stocks, crypto, and NFTs. Vishwajith emphasized the importance of personalization in finance and software, following similar acquisitions by OpenAI earlier this year, including Context.ai and Crossing Minds. The company aims to enhance its consumer applications under the leadership of Fidji Simo, as it focuses on innovative revenue strategies. OpenAI’s continued investments are projected to reach $400 billion by 2029, reflecting its commitment to expand its AI infrastructure.
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