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Robinhood Acquires AI Investment Research Platform

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Robinhood Markets, Inc. has acquired Pluto Capital Inc., an Synthetic Intelligence (AI)-powered funding analysis platform. Pluto delivers highly-customized funding methods based mostly on particular person buyer wants and monetary targets. With this strategic transfer, Robinhood goals to boost its data-driven investing capabilities. Jacob Sansbury, Pluto’s Founder and CEO, joins Robinhood to combine AI throughout their platform. Buyers utilizing Pluto have benefited from enhanced information evaluation, customized funding methods, and real-time insights for optimized portfolios. Just lately, in June, Robinhood introduced its acquisition of Bitstamp, the worldwide cryptocurrency alternate.

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