United

Pluto

Robinhood users will soon have access to artificial intelligence (AI) tools to make more informed trades following the firm’s acquisition of AI-powered investment research firm Pluto Capital.
Pluto’s AI will provide Robinhood traders with personalized investment strategies, data analytics tools and real-time insights to make “informed decisions swiftly and confidently,” Robinhood <a href="https://newsroom.aboutrobinhood.com/robinhood-acquires-pluto-ai-investment-research-platform/" target="_blank" rel="noopener nofollow">said</a> in a July 1 statement. 
The acquisition will also see Pluto’s founder and CEO, Jacob Sansbury, help Robinhood assist with its product roadmap and AI integrations.
<figure data-ct-non-breakable="true">
 <img src="https://s3.cointelegraph.com/uploads/2024-07/b5436978-9e09-4afe-b604-639f8419409e.png" alt="" title="">
 <figcaption style="text-align: center;">
 Source: <a href="https://x.com/RobinhoodApp/status/1807765814998872413" target="_blank" rel="noopener nofollow">Robinhood</a>
 </figcaption>
</figure>
The AI tool will help&nbsp;<a href="https://cointelegraph.com/news/ai-artificial-intelligence-killer-app-prove-bubble-goldman-sachs-mit">optimize investors’ portfolios by assessing the risk tolerance</a>, investment objectives and past trades made by each <a href="https://cointelegraph.com/explained/what-is-robinhood-and-how-does-it-work">Robinhood</a> user.
Pluto’s <a href="https://cointelegraph.com/news/large-language-models">large language models</a> have real-time insights on global financial data such as stock prices, news articles, company financials, report cards and filings made to and from the United States Securities and Exchange Commission.&nbsp;
This means quicker identification of trends and opportunities, providing investors with a competitive edge, said Robinhood.
Cointelegraph reached out to Robinhood for further information but did not receive an immediate response.
Pluto was founded by Sansbury in August 2021 in the San Francisco Bay area.
Prior to that, Sansbury worked as a technical lead and <a href="https://cointelegraph.com/news/ai-cryptocurrency-tokens-surge-amid-nvidia-decline">senior software engineer at Nvidia</a>,&nbsp;a graphics processing and AI chip giant, which briefly became the <a href="https://cointelegraph.com/news/nvidia-world-most-valuable-publicly-traded-company">world’s most valuable company</a> last month.
Related: <a href="https://cointelegraph.com/news/south-korea-2nd-largest-chipmaker-invest-75-billionai-artificial-intelligence-2028">South Korea’s 2nd-largest chipmaker to invest $75B in AI through 2028</a>
Meanwhile, Robinhood&nbsp;<a href="https://cointelegraph.com/news/robinhood-buy-bitstamp-crypto-exchange">bought cryptocurrency exchange Bitstamp for $200 million</a> last month, which it will use to serve institutional clients in the United States.
Robinhood’s acquisition is still subject to regulatory approval but is expected to be finalized in the first half of 2025.
The cryptocurrency industry will “fundamentally reorganize the financial system,” Robinhood’ CEO Vlad Tenev said at the time when explaining the company’s acquisition.
Robinhood currently has 23.9 million funded customers, 13.7 million monthly active users and $130 billion in assets under custody.
Robinhood’s (HOOD) stocks are trading at $22.97 on June 1, increasing 0.35% on the day, Google Finance data <a href="https://www.google.com/finance/quote/HOOD:NASDAQ" target="_blank" rel="noopener nofollow">shows</a>.
Magazine: <a href="https://cointelegraph.com/magazine/apple-intelligence-1m-arc-prize-agi-500k-ai-millionaires-ai-eye/">$1M bet ChatGPT won’t lead to AGI, Apple’s intelligent AI use, AI millionaires surge: AI Eye</a>

Robinhood users are getting AI tools to help them trade

Cointelegraph

Các bài viết khác được xuất bản trên 2 thg 7, 2024

Cash In $2000 With BlockDAG’s X10 Miner as Shiba Inu & PEPE Hit Rough Waters

Beyond $PEPE: Discover the Money-Making Potential of New Meme Coins

UpBots X BeInCrypto AMA Session

Is Binance planning to quit the Turkey market?

Crypto Analyst’s Predict MoonBag Coin to Reach $1 by 2025 – Polygon and Floki Inu Slip in Compari...

Cardano Foundation Publishes Sustainability Report for EU Compliance

Tham gia bản tin miễn phí của chúng tôi để cập nhật tin tức về tiền điện tử hàng ngày!