'Robinhood Acquires Pluto, AI Investment Research Platform'; No Financial Terms Disclosed

Author: Benzinga Newsdesk | July 01, 2024 09:05am

https://newsroom.aboutrobinhood.com/robinhood-acquires-pluto-ai-investment-research-platform/

Robinhood Markets, Inc. is excited to announce the acquisition of Pluto Capital Inc., an artificial intelligence (AI) powered investment research platform that delivers highly-customized investment strategies based on customer needs and financial goals. With this strategic acquisition, investors can look forward to a new era of intelligent, data-driven investing at Robinhood.

Pluto Founder and CEO, Jacob Sansbury, has joined the Robinhood team to accelerate our product roadmap and help integrate AI-powered capabilities across the Robinhood platform. With Pluto, investors have had unique access to:

Enhanced Data Analysis: Pluto's advanced data analytics capabilities can process and interpret market data more efficiently by providing state of the art large language models (LLMs) with access to real-time personal and global financial data. This means quicker identification of trends and opportunities, providing investors with a competitive edge.
Personalized Investment Strategies: Pluto's algorithms tailor investment strategies to individual customer profiles. By analyzing factors such as risk tolerance, investment goals, and historical behavior, the platform offers highly customized recommendations.
Real-Time Insights and Portfolio Optimization: Investors receive real-time updates and insights, enabling informed decisions swiftly and confidently. With AI-driven analysis, customer portfolios can be continually optimized for better outcomes, balancing growth and risk according to individual preferences.

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