OpenAI acquires an AI-powered personal investing app

OpenAI, the AI giant, has acquired Roi, an AI-powered personal investing app, as it continues to expand its reach. The acquisition details were not made public, but Sujith Vishwajith, the startup's CEO and co-founder, will be joining OpenAI's team. This acquisition suggests that OpenAI might be venturing into the personal finance space, potentially developing an AI chatbot that offers more personalized investing advice beyond general queries. The move aligns with OpenAI's previous acquisitions, such as the $6.5 billion purchase of AI hardware startup io and the $1.1 billion acquisition of Statsig, a product testing startup, which aimed to advance its flagship product, ChatGPT. The acquisition highlights OpenAI's strategy of acquiring smaller companies that can contribute to the development and improvement of its AI technologies, as it continues to solidify its position as a leading player in the AI industry.