Pluto

<p style="text-align: justify">You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/robinhood-acquires-ai-powered-investment-research-firm-pluto-capital/" data-wpel-link="internal">Robinhood Acquires AI-Powered Investment Research Firm Pluto Capital</a><br></p>
<p class="p1" style="text-align: justify"><strong>Robinhood</strong> users will soon access AI tools for more informed trading after the firm’s acquisition of Pluto Capital, an <a href="https://newslinker.co/category/ai/" target="_blank" rel="noopener" data-wpel-link="exclude">AI-powered</a> investment research company. Robinhood announced on July 1 that Pluto’s AI will provide personalized <a href="https://finance.coin-turk.com/" data-wpel-link="exclude">investment strategies</a>, data analytics tools, and real-time information to help Robinhood investors make informed decisions quickly and securely.</p> 
<h2 class="p1" style="text-align: justify" id="robinhood-team-s-ai-initiative">Robinhood Team’s AI Initiative</h2> 
<p class="p1" style="text-align: justify">The acquisition process will also enable Pluto’s founder and CEO, Jacob Sansbury, to assist <strong>Robinhood</strong> with product roadmaps and AI integrations. The AI tool will help optimize investors’ portfolios by assessing each Robinhood user’s risk tolerance, investment goals, and past transactions.</p> 
<p class="p1" style="text-align: justify"><img loading="lazy" loading="lazy" decoding="async" class="aligncenter wp-image-367096" src="https://coin-turk.com/wp-content/uploads/2024/07/robinhood.webp" alt="" width="500" height="552"></p> 
<p class="p1" style="text-align: justify">Pluto’s extensive language models will provide real-time information on global financial data, including stock prices, news articles, company financials, and filings with the U.S. Securities and Exchange Commission. The company stated:</p> 
<blockquote> 
 <p class="p1" style="text-align: justify">“This means faster identification of trends and opportunities, giving investors a competitive edge.”</p> 
</blockquote> 
<h2 class="p1" style="text-align: justify" id="details-on-the-matter">Details on the Matter</h2> 
<p class="p1" style="text-align: justify"><strong>Pluto Capital</strong> was founded by Sansbury in August 2021 in the San Francisco Bay Area. Before this, Sansbury worked as a technical lead and senior software engineer at NVIDIA, the graphics processing and AI chip giant that became the world’s most valuable company last month.</p> 
<p class="p1" style="text-align: justify">Meanwhile, Robinhood acquired the <a href="https://en.coin-turk.com/decoding-the-surge-a-deep-dive-into-cryptocurrency-market-dynamics/" data-wpel-link="internal">cryptocurrency</a> exchange Bitstamp for $200 million last month to serve institutional clients in the U.S. The acquisition is still subject to regulatory approval but is expected to be completed in the first half of 2025.</p> 
<p class="p1" style="text-align: justify"><strong>Robinhood</strong> CEO Vlad Tenev stated that the acquisition would fundamentally reorganize the financial system through the cryptocurrency industry. Robinhood currently has 23.9 million funded accounts, 13.7 million monthly active users, and $130 billion in customer assets. According to Google Finance, Robinhood’s (HOOD) shares were trading at $22.97 with a 0.35% increase on June 1.</p> 
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on COINTURK NEWS: </span> <a href="https://en.coin-turk.com/robinhood-acquires-ai-powered-investment-research-firm-pluto-capital/" data-wpel-link="internal">Robinhood Acquires AI-Powered Investment Research Firm Pluto Capital</a></h5>

Robinhood Acquires AI-Powered Investment Research Firm Pluto Capital

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