Pluto

Million

Hope

Read

<ul>
 <li>Robinhood to boost platform with AI from Pluto Capital for smarter investing.</li>
 <li>Jacob Sansbury, ex-NVIDIA, to lead AI integration at Robinhood.</li>
 <li>Robinhood’s pending acquisition of Pluto aims for 2025 completion.</li>
</ul>
<p>Robinhood is set to enhance its trading platform with AI tools, allowing its users to make wiser investing decisions. This strategic addition follows hard on the heels of Robinhood’s <a href="https://newsroom.aboutrobinhood.com/robinhood-acquires-pluto-ai-investment-research-platform/" target="_blank" rel="noopener noreferrer nofollow">acquisition</a> of Pluto Capital, the leading provider of AI-driven investment research. Starting July 1, all Robinhood users will be provided with customized investment strategies and top data analytics using technology from Pluto.</p>
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper">
  <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
   <p lang="en" dir="ltr">Robinhood Markets, Inc. is officially acquiring Pluto Capital, Inc. <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f91d.png" alt="🤝" class="wp-smiley" style="height: 1em; max-height: 1em;"><br><br>An artificial intelligence (AI) powered investment research platform, that delivers highly-customized investment strategies based on customer needs and financial goals. <a href="https://t.co/PPaDkbX2q0" rel="noopener noreferrer nofollow">https://t.co/PPaDkbX2q0</a> <a href="https://t.co/ie8ZGfP7ZW" rel="noopener noreferrer nofollow">pic.twitter.com/ie8ZGfP7ZW</a></p>— Robinhood (@RobinhoodApp) <a href="https://twitter.com/RobinhoodApp/status/1807765814998872413?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">July 1, 2024</a>
  </blockquote>
  <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
 </div>
</figure>
<p>On the other hand, the AI capabilities in Pluto Capital are very advanced and will seamlessly interact with the Robinhood interface to offer real-time insights and investment guidance through personalization. The tools are really set up to analyze a lot of financial data, which includes stock prices and SEC filings, hence allowing traders on Robinhood to spot trends and opportunities in an instant.</p>
<p><strong>Jacob Sansbury to Lead AI Integration</strong></p>
<p>This will also see Pluto’s founder and CEO, Jacob Sansbury, join Robinhood in a leadership role. With a strong background in technology development from his days at NVIDIA, he is tasked with spearheading AI technology integrations within Robinhood product offerings to significantly improve how the broad user base on the platform experiences trading.</p>
<p>In a broader view, the acquisition is part of Robinhood’s strategic move to increase services to retail and institutional customers. Robinhood expanded further in the crypto market last month after buying cryptocurrency exchange Bitstamp for $200 million to enhance its offerings to institutional clients across the U.S.</p>
<p><strong>Regulatory Approval&nbsp;</strong></p>
<p>Hopes of regulatory approval and future impact Expected to be completed in the first half of 2025, the acquisition is, however, pending regulatory approval. Robinhood’s proactive approach in incorporating AI and expanding its crypto services illustrates its commitment to redefining the financial trading landscape.</p>
<p>With the steady growth of its platform, which currently numbers 23.9 million funded accounts with $130 billion of assets under custody, Robinhood remains a significant player in the trading sector. Its stock was trading at $22.97 on June 1, and the market had slowly but continuously instilled confidence about its future direction.</p>
<h4 class="wp-block-heading" id="h-read-also">Read Also:</h4>
<ul class="wp-block-yoast-seo-related-links">
 <li><a href="https://cryptonewsland.com/robinhood-launches-mobile-payments-app-robinhood-wallet/" rel="noopener noreferrer nofollow">Robinhood Launches Mobile Payments App Robinhood Wallet</a></li>
 <li><a href="https://cryptonewsland.com/robinhood-acquires-bitstamp-in-200-million-deal-amid-sec-challenges/" rel="noopener noreferrer nofollow">Robinhood Acquires Bitstamp in $200 Million Deal Amid SEC Challenges</a></li>
 <li><a href="https://cryptonewsland.com/robinhood-to-sack-300-employees-despite-job-listing/" rel="noopener noreferrer nofollow">Robinhood To Sack 300 Employees Despite Job Listing</a></li>
 <li><a href="https://cryptonewsland.com/robinhood-expands-in-europe-with-solana-staking-and-customer-bonuses/" rel="noopener noreferrer nofollow">Robinhood Expands in Europe with Solana Staking and Customer Bonuses</a></li>
 <li><a href="https://cryptonewsland.com/robinhoods-possible-xrp-listing-sparks-hope-amidst-crypto-slump/" rel="noopener noreferrer nofollow">Robinhood’s Possible XRP Listing Sparks Hope Amidst Crypto Slump</a></li>
</ul>
<p>The post <a href="https://cryptonewsland.com/robinhood-enhances-trading-with-ai-integration-from-pluto-capital-acquisition/" rel="noopener noreferrer nofollow">Robinhood Enhances Trading With AI Integration from Pluto Capital Acquisition</a> appeared first on <a href="https://cryptonewsland.com" rel="noopener noreferrer nofollow">Crypto News Land</a>.</p>

Robinhood Enhances Trading With AI Integration from Pluto Capital Acquisition

Crypto News Land

Other articles published on Jul 2, 2024

UpBots X BeInCrypto AMA Session

Crypto: MiCA approves Circle for Issuing Stablecoins in Europe

These 2 Ethereum Tokens Look Set To Enter Price Discovery As Whales Continue To Accumulate

Top Meme Coins MEW, BONK, BRETT With Massive 2x Upsides

INX and Backed Launch On-Chain Tokenized NVIDIA Stock Trading

Bitcoin miner Northern Data eyes $16B IPO for US cloud and mining units

Join our free newsletter for daily crypto updates!