Robinhood acquires AI investment research firm Pluto Capital

ChainCatcher news, Robinhood acquires AI investment research company Pluto Capital, and platform users will soon be able to use AI tools for trading.

In a statement on July 1, Robinhood stated that Pluto's AI will provide Robinhood traders with personalized investment strategies, data analysis tools, and real-time insights.

This acquisition will also enable Pluto's founder and CEO Jacob Sansbury to assist Robinhood in developing the product roadmap and AI integration.