AI Investment Research Platform Joins Robinhood through Acquisition

Robinhood Markets, Inc. has acquired Pluto Capital Inc.. An AI-powered investment research platform known for its personalized investment strategies tailored to individual customer needs. 

The acquisition is aimed at bolstering Robinhood’s data-driven investing capabilities. Jacob Sansbury, Pluto’s Founder and CEO, will join Robinhood to spearhead the integration of AI technologies across their platform. 

Investors utilizing Pluto have experienced benefits such as advanced data analysis, tailored investment strategies, and real-time insights to optimize their portfolios. This acquisition follows Robinhood’s recent move in June to acquire Bitstamp, a leading global cryptocurrency exchange.

Clever Robot News Desk 2nd July 2024

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