On the latest episode of TechCrunch’s Equity podcast, Kirsten Korosec, Sean O’Kane, and I did our best to round up all the latest OpenAI news. While the company’s latest acquisitions seem to be classic acqui-hires, Sean suggested they also address “two big existential problems that OpenAI is trying to solve right now.”
First, with the team behind personal finance startup Hiro, the company may be hoping to come up with a product that has “more hooks than just a chatbot, and maybe something worth paying more for.” And with new media startup TBPN, OpenAI could be looking to “better shape its image in the public eye, which lately has not been great.”
Read a preview of our conversation, edited for length and clarity below.
Anthony: [We have] two deals that are worth mentioning, one is that OpenAI acquired this personal finance startup called Hiro. And that comes after another deal that was literally announced when we were recording our last episode of Equity, so we didn’t get to talk about it: OpenAI had also acquired TBPN — a business talk show, like a new media company.
And I think both of these deals are pretty small compared to the scale of OpenAI. These are not things that people expect to really change the course of their business or anything like that, but they’re interesting because it suggests that there’s still this [attitude of,] “Let’s try out different things.”
Especially [with] the TBPN deal […] particularly at this time when it feels like OpenAI, from all the reporting we’re reading, is also trying to really refocus on making ChatGPT and its GPT models really competitive in an enterprise context with programmers.
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Is running a tech talk show, should that really be on the to-do list?
Kirsten: No, this should not be on the to-do list. That’s it.
I do want to mention Hiro because to me, that’s an interesting one, because Julie Bort, our venture editor, super talented, she wrote about this and was I think the first to write about it. She dug in a little bit and basically this looks like an acqui-hire. The company is folding. They basically said, “By this date, you won’t be able to access this anymore.”
This is a personal finance startup. And they only launched two years ago. So this absolutely is about getting talent on board. So I’m very curious to see if OpenAI is going to be just absorbing them into the ether at OpenAI, or if they’re actually interested in some sort of personal finance product that they want to work on. To me, it’s not really clear.
Sean: I think you look at both of these as acqui-hires to a certain extent. I mean, the TBPN acquisition, allegedly they are going to retain their editorial independence on the show that they make every day. And all respect to those guys who’ve put that out there and gotten it off the ground so quickly and grown it into what it has become.
I think any person who follows the media should have a healthy dose of skepticism that when you acquire something like that and you put the people who make the show under the org of the public policy people and comms or marketing adjacent people higher up at the company making the acquisition, that you could have good questions about whether or not saying “editorial independence” is enough. It’s not an incantation that just works.
But you know, what’s interesting to me about these two, while they are similar in their acqui-hire-ness, I think they both represent two major problems that OpenAI is facing.
One is Hiro. OpenAI has a very successful product in ChatGPT. As far as whether or not that will actually ever make them enough money to become a sustainable business that’s not raising the largest private rounds in the world, ever, to keep things going, is a big question. And they also seem to be struggling to keep up on the enterprise side of things where the real money seems to be, so bringing in a team like this seems like taking a shot at, “What else can we do?”
The guy who founded Hiro seems to have a serial entrepreneur streak of creating consumer apps, and so this seems to me like a bet on them being able to come up with something else that may have more hooks than just a chatbot, and maybe something worth paying more for.
And then TBPN is an acquisition made to help better represent what the company does and better shape its image in the public eye, which lately has not been great and certainly is under more questions now than just a few weeks ago, because Ronan Farrow just led a report at The New Yorker that dropped suspiciously right around the time that this and a couple other announcements from OpenAI came out last week.
I think those are two big existential problems that OpenAI is trying to solve right now.
Kirsten: So the thing that you didn’t say is, there’s Anthropic kind of looming in — not in the shadows, I mean, they’re very much taking up a lot of space here — but they’re having a lot of success on the enterprise side of things.
It feels like these guys are competitors and they also feel like very different companies in a lot of ways. Anthony, I’m wondering if you see them as direct competition to OpenAI? Or [are they] just finding their stride in enterprise and in a way, these two companies are clearly going to coexist and they’re really not directly competing with each other — maybe on talent, but not necessarily as we initially thought of them?
Anthony: I think they’re directly competing with each other. There’s definitely a scenario where if AI as an industry, as a technology, is as successful as its proponents hope for, they could both be very successful companies, they could just be the one and two. And the success of one does not necessarily mean that the other will just fade into obscurity.
And again, none of this is official, but there’s just been a lot of reporting around how it seems like OpenAI, more than anyone, is obsessed with and upset about Anthropic’s rise.
Our reporter Lucas [Ropek], he did a great piece over the weekend about the HumanX conference, where he was talking to everyone there and they’re sort of like, “Yeah, ChatGPT is fine, too,” but like they were all about Claude Code. And I think that is exactly what OpenAI is worried about.
Because again, in theory, there could be many other opportunities for generative AI, but it feels like the big growth area, the area where the most money is and where they could at least see a path to having a sustainable business in the future, is in these enterprise and coding tools.
Former Deputy National Publicity Secretary of the All Progressives Congress (APC), Timi Frank, has called on President Bola Ahmed Tinubu to withdraw from the 2027 presidential election following the protest that greeted him at a mosque in Abuja.
Frank said the incident at the Shehu Shagari Central Mosque in Area 1, Garki, Abuja, should serve as a warning to the President about the level of dissatisfaction among some Nigerians over his administration.
He urged Tinubu to reconsider his second-term ambition rather than proceed with the election despite what he described as growing public opposition to his government.
The former APC chieftain also advised the President to ensure that the 2027 general election is free, fair and credible, insisting that Nigerians should be allowed to determine who leads the country through their votes.
Videos from the incident showed some individuals booing the President and chanting “Ba ma yi”, a Hausa expression meaning “we don’t want you”, as his convoy prepared to leave the premises.
Crowd Shouts ‘Bamayi’ at Tinubu, Throws Stones at His Convoy in Abuja
The protest attracted attention after footage circulated on social media.
There were also reports of individuals removing and destroying campaign posters and billboards bearing Tinubu’s image in parts of the Area 1 neighbourhood.
Nonetheless, while condemning the decision to express political grievances during a religious gathering, Frank acknowledged the efforts of the President’s security team in protecting him and preventing the situation from escalating.
However, he maintained that the reaction from some worshippers should not be ignored or dismissed as an isolated incident.
According to him, the President needs to understand the political situation in the country and pay attention to the feelings of ordinary Nigerians rather than depend entirely on assurances from political associates.
“The rejection was total and unmistakable. No Nigerian president has been embarrassed like this publicly. The way Nigerians rejected him speaks volumes. But should he decide to go ahead and he loses, he should be prepared to accept defeat just like former President Goodluck Jonathan did,” Frank said.
He further questioned the level of support Tinubu reportedly enjoys in the Federal Capital Territory, arguing that the incident at the mosque raised questions about claims made by some political figures concerning the President’s popularity in Abuja.
Frank suggested that there was a difference between the assurances political associates gave Tinubu and the political realities outside government circles.
He warned that some individuals around the President might be giving him an inaccurate picture of public opinion because of their personal interests.
“I am giving him this advice because I genuinely want him to listen to the truth. Those around him may not be telling him that he has become very unpopular and that continuing in the presidential race may be a difficult undertaking,” he said.
The former APC spokesman maintained that Tinubu should seriously consider stepping aside from the 2027 contest instead of allowing political pressure from his associates to determine his decision.
Frank also questioned the confidence expressed by some political leaders about their ability to deliver substantial votes for the President in the next election.
Nyesom Wike
He specifically mentioned FCT Minister Nyesom Wike and Edo State Governor Monday Okpebholo, questioning whether the electoral figures reportedly promised by political allies would reflect the actual choices of voters.
He argued that promises to secure 80 per cent of the votes in Abuja and 2.5 million votes in Edo State should not be taken as a guarantee of electoral victory.
According to him, political leaders should understand that making promises on behalf of voters is different from securing their support at the polling units.
Frank also referred to reactions witnessed in Abuja and Jos following political activities involving the ruling party.
He argued that such developments should encourage Tinubu to reassess the level of support his administration commands.
He further alleged that some individuals within the APC and the President’s political circle were more concerned about personal financial benefits than providing honest assessments of the government’s performance.
The former party official also brought opposition figures, including former Vice-President Atiku Abubakar and former Anambra State Governor Peter Obi, into the discussion.
He claimed that the reception given to the opposition leaders during their public appearances showed that Nigerians were increasingly interested in alternative political options ahead of the next general election.
Frank argued that the crowds received by the opposition figures were an indication that political support could not always be measured through organised rallies and the number of people mobilised by political parties.
“Wherever these opposition leaders go, Nigerians come out in large numbers to receive them without being induced with rice or money. Their reception should tell the President something about the mood of the country,” he said.
He maintained that the Tinubu administration should take public reactions seriously, particularly as political activities ahead of the 2027 elections continue to gather momentum.
Frank also linked the dissatisfaction he alleged to the economic difficulties confronting Nigerians.
He mentioned rising food prices, hunger, unemployment, insecurity and the increasing cost of living as some of the challenges affecting households across the country.
According to him, the difficulties experienced by ordinary citizens have contributed to the criticism directed at the Federal Government.
He argued that the administration needed to pay greater attention to the economic situation and the concerns of Nigerians instead of relying on political endorsements as evidence of public acceptance.
“If the President had performed well, there would be no need for the desperation we are witnessing today,” he said.
Frank also questioned the sincerity of some political endorsements received by Tinubu, alleging that certain expressions of support were driven by expectations of financial rewards and personal benefits.
He urged the President to identify those genuinely interested in the country’s progress and distinguish them from individuals whose political positions were influenced by their personal interests.
File: Election in Nigeria
Beyond his criticism of the administration, Frank warned against any attempt to manipulate the 2027 general election or undermine the wishes of voters.
He insisted that the credibility of the election would be more important than the political ambitions of any individual or party.
“Nigerians will not accept a situation in which someone is declared the winner when the people know they did not vote for him. They should not push the country into a crisis by attempting to impose him on the people,” he warned.
He called on Tinubu to respect the democratic process and ensure that the electoral authorities are allowed to conduct an election in which every vote counts.
The former APC spokesman further argued that the President could still secure a positive place in Nigeria’s political history if he chose to put the country’s democratic interests above his personal ambition.
“President Tinubu still has an opportunity to make history and have his name written in gold. He can achieve this by ensuring that the country conducts a free, fair and credible election,” he said.
Frank maintained that a transparent electoral process would allow Nigerians to freely choose their preferred candidate without intimidation, manipulation or interference.
He also stressed that the next presidential election should not become a source of political instability, warning that attempts to impose a candidate against the wishes of voters could generate serious consequences for the country.
Former President Olusegun Obasanjo has told Nigerian youths not to allow politicians to use them to cause division in the country.
Obasanjo gave the advice on Saturday shortly after he was honoured with an honorary doctorate degree by Skyline University of Nigeria in Kano.
Speaking through a recorded video message, the former president said young people must refuse any campaign built on hate, segregation, discrimination and marginalisation, no matter who is behind it.
He said youths should not sit down and wait for change, but must fight for the kind of future they want for themselves.
According to him, young Nigerians must be positively disruptive, and must be ready to shake the system in a good way to bring real development.
Obasanjo reminded them that Nigeria was built by young leaders in the past, and he mentioned the likes of Aminu Kano and Anthony Enahoro, who stood up early to serve the country.
He said age, tribe or religion should not stop any youth from making impact, adding that the future of Nigeria is in the hands of the young generation.
"Don't let politicians divide you. You must reject campaigns capable of promoting division, segregation, discrimination and marginalisation, regardless of their ethnic, religious or age differences," he said.
The former president received the honour alongside former Executive Secretary of the National Universities Commission, Prof. Abubakar Adamu-Rasheed, and Mrs. Vadana Luthra.