US online brokerage firm Robinhood announced yesterday that it has acquired AI-driven investment research platform Pluto, in order to enhance user data analysis and provide personalized investment strategies based on individual user needs and goals, while also monitoring and optimizing investment portfolios in real time.
Robinhood Acquires Pluto Capital
Pluto Enhances Robinhood’s Data Integration Capabilities
Robinhood’s Expansion Efforts
In a recent announcement, Robinhood revealed its acquisition of AI investment research platform Pluto Capital, aiming to serve as a valuable investment assistant to the company and its users. With this strategic acquisition, investors can expect a new era of intelligent and data-driven investment on Robinhood.
It is reported that Pluto offers rich and real-time data, including news, stock prices, company research reports, and financial information, bridging the information gap for retail investors. It provides highly customized investment strategies based on customer needs and financial goals, promoting 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 its expertise in artificial intelligence, along with its alignment with our mission, will further enhance the user experience and functionalities provided by our team.
Pluto Strengthens Robinhood’s Data Integration Capabilities
The statement mentioned that Pluto’s ability to efficiently collect and organize market data will provide Robinhood with real-time and personalized global financial data, helping to identify market trends and opportunities quickly. The tool also offers highly customized investment advice based on factors such as user risk tolerance, investment goals, and historical behavior. Through real-time monitoring and updates, it assists users in making informed investment decisions confidently, optimizing investment portfolios, and balancing growth and risk.
As part of the team integration, Jacob Sansbury, Founder and CEO of Pluto, will join the Robinhood team to assist in product development and the integration of AI technology and functionalities in applications. “As a democratizing financial services platform, Robinhood is an ideal position, and I look forward to continuing innovation at Robinhood,” Sansbury said.
Robinhood’s Active Expansion Efforts
As a innovative financial services provider, Robinhood has been actively seeking to expand its business territory and continuously pursuing the growth of its trading product offerings. Just last month, the company acquired Bitstamp, a well-established European cryptocurrency exchange, for approximately $200 million in cash, marking the largest acquisition in Robinhood’s history.
On the other hand, leading companies worldwide are actively incorporating AI into their products and services, aiming to increase customer engagement or develop products with a competitive edge by leveraging the analysis of large amounts of data.
AI
Pluto
Robinhood
For further reading:
– Morgan Stanley: Miners’ Takeover of High-Performance Computing Projects Attracts Attention from Mining Investors
– Hut 8 Receives $150 Million Investment to Accelerate Construction of AI Infrastructure Platform