{"id":14884,"date":"2024-07-02T15:13:34","date_gmt":"2024-07-02T12:13:34","guid":{"rendered":"https:\/\/forklog.com\/en\/robinhood-enhances-capabilities-with-ai-acquisition\/"},"modified":"2024-07-02T15:13:34","modified_gmt":"2024-07-02T12:13:34","slug":"robinhood-enhances-capabilities-with-ai-acquisition","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/robinhood-enhances-capabilities-with-ai-acquisition\/","title":{"rendered":"Robinhood Enhances Capabilities with AI Acquisition"},"content":{"rendered":"<p>Broker Robinhood Markets, Inc. <a href=\"https:\/\/newsroom.aboutrobinhood.com\/robinhood-acquires-pluto-ai-investment-research-platform\/\">announced<\/a> the acquisition of the AI investment and research platform Pluto Capital Inc.<\/p>\n<p><!--more--><\/p>\n<p>The company promises to offer clients more AI-driven features through this deal, including:<\/p>\n<ul class=\"wp-block-list\">\n<li><strong>enhanced data analysis.<\/strong> Pluto&#8217;s tools enable more efficient processing and interpretation of market data through the use of large language models. This will help clients identify trends and opportunities more swiftly;\u00a0<\/li>\n<li><strong>personalized investment strategies.<\/strong> Pluto&#8217;s algorithms will allow Robinhood to tailor investment strategies to individual client profiles, considering risk tolerance, investment goals, and past behavior;\u00a0<\/li>\n<li><strong>rapid information access.<\/strong> The broker claims that Pluto&#8217;s tools will enable investors to receive real-time updates and analytics for prompt decision-making and portfolio optimization.\u00a0<\/li>\n<\/ul>\n<p>As part of the deal, Pluto&#8217;s founder and CEO, Jacob Sansbury, joined Robinhood&#8217;s team to &#8220;accelerate the product roadmap and help integrate AI capabilities into the platform.&#8221; Other details, such as the agreement&#8217;s value, remain undisclosed.<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p>\n<cite>\u201cWe are excited to welcome Pluto and Jacob Sansbury to Robinhood. They have created an impressive platform highly regarded in financial services. Importantly, their expertise in AI, combined with a passion for democratizing finance, will complement our team&#8217;s efforts to provide clients with AI-based tools,\u201d commented Mayank Agarwal, Robinhood&#8217;s Vice President of Engineering.<\/cite><\/p><\/blockquote>\n<p>In June, the broker agreed to acquire the oldest European crypto exchange, Bitstamp, for $200 million.<\/p>\n<p>Earlier, the company <a href=\"https:\/\/u1f987.com\/en\/news\/sec-warns-robinhood-of-potential-lawsuit\">received<\/a> a warning from the <span data-descr=\"U.S. Securities and Exchange Commission\" class=\"old_tooltip\">SEC<\/span> about a potential lawsuit over securities law violations in its crypto business operations.\u00a0<\/p>\n<p>Back in January, Robinhood <a href=\"https:\/\/u1f987.com\/en\/news\/robinhood-expands-to-include-spot-bitcoin-etfs-in-the-us\">opened up<\/a> trading for all eleven SEC-approved spot Bitcoin ETFs to its U.S. clients.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Broker Robinhood Markets, Inc. announced the acquisition of the AI investment and research platform Pluto Capital Inc.<\/p>\n","protected":false},"author":1,"featured_media":14883,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"","news_style_id":"","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[438,1234],"class_list":["post-14884","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-artificial-intelligence","tag-robinhood"],"aioseo_notices":[],"amp_enabled":true,"views":"22","promo_type":"","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/14884","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=14884"}],"version-history":[{"count":0,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/14884\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/14883"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=14884"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=14884"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=14884"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}