US online brokerage Robinhood announced yesterday that it has acquired AI-driven investment research platform Pluto to enhance user data analysis and provide personalized investment strategies based on individual user needs and goals, as well as real-time monitoring and optimization of investment portfolios.
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Robinhood Acquires Pluto Capital
Pluto Strengthens Robinhood’s Data Integration Functionality
Robinhood Actively Expands its Territory
Robinhood announced through its latest announcement that it will acquire AI investment research platform Pluto Capital, hoping to serve as an effective investment assistant for the company and its users. Through this strategic acquisition, investors can expect a new era of smart and data-driven investment on Robinhood.
It is reported that Pluto is able to provide rich and real-time data, including news, stock prices, company research reports, and financial information, eliminating information gaps for retail investors. It offers highly customized investment strategies based on customer needs and financial goals, driving intelligent data-driven investments.
Mayank Agarwal, Vice President of Engineering at Robinhood, stated that Pluto will provide highly customized investment strategies based on user needs and financial goals. Pluto has established a reputable platform in the financial services industry, and the company’s expertise in artificial intelligence, as well as its alignment with our mission, will further help our team deliver better experiences and functionality to users.
Pluto strengthens Robinhood’s data integration functionality. The statement stated that Pluto brings the ability to efficiently collect and organize market data to Robinhood, providing real-time and personalized global financial data to help quickly identify market trends and opportunities. Additionally, the tool provides highly customized investment advice based on user risk tolerance, investment goals, and historical behavior, and helps users make informed investment decisions quickly and confidently through real-time monitoring and updates, continuously optimizing investment portfolios while balancing growth and risk.
As part of the team integration, Jacob Sansbury, Founder and CEO of Pluto, will also join the Robinhood team to assist in product development and integration of AI technology and functionality. “Robinhood has an ideal position as a democratized financial service platform, and I look forward to continuing innovation at Robinhood,” he said.
Robinhood actively expands its territory as a novel financial service provider, actively seeking to expand its business territory and continuously pursuing the growth of its trading product offerings. Just last month, the company completed its largest acquisition to date, acquiring European cryptocurrency exchange Bitstamp for approximately $200 million in cash.
On the other hand, leading companies worldwide are actively incorporating AI into their products and services, aiming to gain higher customer stickiness and develop products with market advantages through assisting in processing and analyzing large amounts of data.
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