Robinhood purchases Pluto

Through this strategic acquisition, Robinhood intends to offer investors more optimised and improved solutions that can serve their needs and demands. In addition, officials from Pluto are set to join Robinhood’s team to accelerate product development and support the integration of AI-enabled capabilities across the company’s platform.

Robinhood has announced the acquisition of Pluto, an AI-enabled investment research platform, with the move providing additional features to investors.

According to Robinhood’s officials, Pluto’s knowledge of artificial intelligence merged with a commitment to democratising finance intends to complement their company’s team’s effort to provide AI-powered tools to customers. Pluto aims to work together with Robinhood to develop additional products that increase access to financial solutions such as wealth management and financial planning via AI.

What can Pluto bring to Robinhood’s users?

By acquiring Pluto, Robinhood is set to be able to provide investors with access to:

Improved data analysis through Pluto’s capabilities that can process and interpret market information more efficiently by offering large language models (LLMs) with access to real-time personal and global financial data;
Customised investment strategies, as the company’s algorithms personalise investment tactics to individual user profiles. The platform can provide tailored recommendations based on factors such as risk tolerance, investment goals, and historical behaviour;
Real-time insights and portfolio optimisation, which allow investors to make informed decisions. Through AI-powered analysis, customer portfolios can be improved continuously, delivering improved outcomes and balancing expansion and risk based on individual preferences and needs.

Latest news from Robinhood

Before the current news, more specifically at the beginning of June 2024, Robinhood entered into an agreement to acquire Bitstamp to accelerate Robinhood Crypto’s expansion globally. Through this move, the company was set to introduce its first institutional business, with Bitstamp being trusted by its clients for trade execution, order books, and API connectivity. By utilising the cryptocurrency exchange firm’s solutions, Robinhood was projected to enter the space with active relationships, infrastructure, and products. At that time, Bitstamp held more than 50 active licences and registrations worldwide and was set to provide customers located across the EU, the UK, the US, and Asia to Robinhood.

Robinhood acquires Pluto

What can Pluto bring to Robinhood’s users?

Latest news from Robinhood