Robinhood acquires AI investment research tool Pluto, offering users data analysis and customized investment strategies.

The U.S. online brokerage firm Robinhood tweeted yesterday that it has acquired the AI-driven investment research platform Pluto to enhance user data analysis, provide personalized investment strategies based on individual user needs and goals, and optimize investment portfolios in real time.

Robinhood Acquires Pluto Capital

Robinhood announced through its latest announcement that it will acquire the AI investment research platform Pluto Capital, hoping to serve as a powerful investment assistant for the company and its users:

Through this strategic acquisition, investors can expect a new era of intelligence and data-driven investing at Robinhood.

It is reported that Pluto can provide rich and real-time data, including news, stock prices, company research reports, and financial information, to bridge the information gap for retail investors.

By offering highly customized investment strategies based on customer needs and financial goals, it drives intelligent data-driven investments.

Mayank Agarwal, Vice President of Engineering at Robinhood, stated that Pluto will provide highly customized investment strategies based on user needs and financial goals:

Pluto has built a highly respected platform in the financial services industry, and the company's expertise in artificial intelligence, along with their alignment with our mission, will further help our team deliver a better experience and functionality for users.

Pluto Enhances Robinhood's Data Integration Capabilities

The statement mentioned that Pluto brings to Robinhood the ability to efficiently collect and organize market data, providing real-time and personalized global financial data to help quickly identify market trends and opportunities.

At the same time, this tool can provide highly customized investment advice based on factors such as user risk tolerance, investment goals, and historical behavior; and through real-time monitoring and updates, it helps users make wise investment decisions quickly and confidently, continuously optimizing investment portfolios and balancing growth and risk.

As part of the team integration, Pluto's founder and CEO Jacob Sansbury will also join the Robinhood team to assist in product development and integrate AI technology and features in applications:

As Robinhood positions itself as an ideal platform for democratizing financial services, I look forward to continuing to innovate at Robinhood.

Robinhood Actively Expands its Territory

As a novel financial service provider, Robinhood has been actively seeking to expand its business territory and continuously pursuing the growth of its trading product offerings.

Just last month, the company also acquired the long-established European cryptocurrency exchange Bitstamp for about $200 million in cash, marking the largest acquisition in Robinhood's history.

Robinhood Acquires Bitstamp for $200 Million in Cash, Accelerating Global Expansion of Crypto Business

On the other hand, leading companies worldwide are actively incorporating AI into their products and services, aiming to gain higher customer engagement, or develop products with a competitive edge through assisting in analyzing large amounts of data.

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