Robinhood Acquires AI Investment Research Tool Pluto Enhancing User Data Analysis and Customized Investment Strategies
Robinhood, the US-based online brokerage firm, announced yesterday via Twitter that it has acquired the AI-driven investment research platform Pluto. This acquisition aims to enhance user data analysis capabilities, offering personalized investment strategies tailored to individual user needs and goals, while real-time monitoring and optimization of investment portfolios.
Robinhood’s acquisition of Pluto Capital strengthens its data integration capabilities, providing efficient collection and organization of market data. Pluto’s expertise in artificial intelligence complements Robinhood’s mission to democratize finance, promising innovative solutions and enhanced user experiences.
Pluto will continue to operate under Robinhood, with founder and CEO Jacob Sansbury joining the team to assist in product development and integrate AI technologies and functionalities. This move aligns with Robinhood’s strategic expansion efforts, following its recent acquisition of Bitstamp, marking its largest acquisition to date in the cryptocurrency sector.
