Robinhood ($HOOD) Acquires AI Research Platform Pluto Capital

Jul 1, 2024, 01:51 PM

Robinhood ($HOOD) has announced the acquisition of the artificial-intelligence research platform Pluto Capital. The move aims to enhance Robinhood's investment app by incorporating AI-powered tools that provide highly-customized investment strategies based on customer needs. This acquisition, announced on Monday, is expected to bring more tailored investment strategies and analysis to Robinhood's retail brokerage users, further advancing the company's technological capabilities in the financial sector.