AmEx to buy Altman-backed Hyper in push for AI-powered expense tools
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American Express is acquiring Hyper, an AI-focused expense management startup backed by OpenAI's Sam Altman, to enhance its automation tools for commercial clients. The deal is expected to close in the second quarter of 2026.
American Express is buying Hyper, an artificial intelligence-focused expense management startup backed by OpenAI Chief Executive Sam Altman. Hyper develops AI agents that can categorize expenses, file reports, and check them against budgets and company policies. The acquisition will strengthen AmEx's efforts to offer more automation tools to commercial clients. The deal is expected to close in the second quarter of 2026. AmEx has been ramping up its presence in the commercial space with new credit card offerings. Financial terms of the deal were not disclosed.
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