Robinhood Purchases Pluto to Provide AI-Powered Investment Advice
HOODRobinhood(HOOD) PYMNTS.com·2024-07-02 04:34

Trading platform Robinhood is acquiring artificial intelligence (AI) research service Pluto Capital.The purchase, as Bloomberg News reported Monday (July 1) is designed to offer Robinhood’s users more tailored investment strategies and analysis with the help of Pluto’s AI-driven personalized advice and real-time analytics. “They have built an impressive platform that is highly regarded in the financial services industry,” Mayank Agarwal, Robinhood’s vice president of engineering, told Bloomberg. “Their expe ...