YEREVAN (CoinChapter.com) — Robinhood users will soon have access to advanced AI tools to enhance their trading decisions. The company has announced the acquisition of Pluto Capital, an AI-powered investment research firm, which will bring new features to the platform.
Robinhood Acquires Pluto Capital. Source: RobinhoodApp
Personalized Investment Strategies for Robinhood Users
Robinhood’s acquisition of Pluto Capital will provide users with personalized investment strategies. These strategies are tailored to individual risk tolerance, investment goals, and past trading behavior. The integration aims to help users make informed decisions quickly and confidently.
AI-Powered Investment Tools by Pluto Capital. Source: Robinhood.com
Jacob Sansbury, the founder and CEO of Pluto Capital, will join the company to assist with the product roadmap and AI integrations. His expertise in AI and investment research is expected to significantly benefit Robinhood’s users.
Pluto’s AI Offers Real-Time Insights for Smarter Trading
One of the standout features of Pluto’s AI is its ability to deliver real-time insights. These insights are based on a vast array of global financial data, including stock prices, news articles, company financials, and filings with the United States Securities and Exchange Commission (SEC). This comprehensive data analysis enables quicker identification of trends and opportunities, providing investors with a competitive edge.
According to Robinhood, these tools will optimize investors’ portfolios by assessing individual trading patterns and market conditions. Users can expect a more tailored and efficient trading experience.
Robinhood Expands Crypto Presence with Bitstamp Acquisition, Boosts User Engagement
Jacob Sansbury founded Pluto Capital in August 2021 in the San Francisco Bay area. Before starting Pluto, he worked as a technical lead and senior software engineer at Nvidia, a leader in graphics processing and AI chip technology. Nvidia recently gained attention for briefly becoming the world’s most valuable company.
In addition to the acquisition of Pluto Capital, Robinhood recently purchased cryptocurrency exchange Bitstamp for $200 million. This acquisition, aimed at serving institutional clients in the United States, is still subject to regulatory approval but is expected to be finalized in the first half of 2025.
Robinhood’s CEO, Vlad Tenev, emphasized the potential of cryptocurrency to reorganize the financial system. This strategic move highlights Robinhood’s commitment to expanding its offerings and staying ahead in the fintech space.
Robinhood currently boasts 23.9 million funded customers and 13.7 million monthly active users. The platform has $130 billion in assets under custody, showcasing its significant presence in the trading market. On June 2, Robinhood’s (HOOD) stocks were trading at $22.43, according to Google Finance.
Robinhood Stock Performance. Source: Google Finance
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