top of page

Robinhood Users to Gain AI Tools for Enhanced Trading

Robinhood users will soon have access to AI tools for making more informed trades following the firm’s acquisition of AI-powered investment research company Pluto Capital.

Pluto’s AI technology will offer Robinhood traders personalized investment strategies, advanced data analytics, and real-time insights to help them make informed decisions quickly and confidently, as stated by Robinhood on July 1.

Robinhood Users to Gain AI Tools for Enhanced Trading

With this acquisition, Pluto’s founder and CEO, Jacob Sansbury, will join Robinhood to assist with its product roadmap and AI integration. The AI tools will help optimize investors’ portfolios by analyzing each user’s risk tolerance, investment objectives, and past trades.

Pluto’s large language models provide real-time insights on global financial data, including stock prices, news articles, company financials, and reports filed with the U.S. Securities and Exchange Commission. This capability allows for the rapid identification of trends and opportunities, giving investors a competitive edge, according to Robinhood.

Cointelegraph reached out to Robinhood for additional information but did not receive an immediate response.

Pluto Capital was founded by Sansbury in August 2021 in the San Francisco Bay area. Before founding Pluto, Sansbury served as a technical lead and senior software engineer at NVIDIA, the graphics processing and AI chip giant that briefly became the world’s most valuable company last month.

In related news, Robinhood recently acquired cryptocurrency exchange Bitstamp for $200 million to serve institutional clients in the United States. This acquisition is still subject to regulatory approval but is expected to be finalized in the first half of 2025. Robinhood’s CEO, Vlad Tenev, emphasized that the cryptocurrency industry will "fundamentally reorganize the financial system."

Robinhood currently has 23.9 million funded customers, 13.7 million monthly active users, and $130 billion in assets under custody. As of June 1, Robinhood’s (HOOD) stocks were trading at $22.97, reflecting a 0.35% increase for the day, according to Google Finance data.


bottom of page