Robinhood Acquires AI Investment Research Platform

Robinhood Markets, Inc. has acquired Pluto Capital Inc., an Artificial Intelligence (AI)-powered investment research platform. Pluto delivers highly-customized investment strategies based on individual customer needs and financial goals. With this strategic move, Robinhood aims to enhance its data-driven investing capabilities. Jacob Sansbury, Pluto’s Founder and CEO, joins Robinhood to integrate AI across their platform. Investors using Pluto have benefited from enhanced data analysis, personalized investment strategies, and real-time insights for optimized portfolios. Recently, in June, Robinhood announced its acquisition of Bitstamp, the global cryptocurrency exchange.