Robinhood Markets, Inc. today announced the acquisition of Pluto Capital Inc., an artificial intelligence (AI) investment research platform.
Pluto founder and CEO Jacob Sansbury has joined the Robinhood team to accelerate our product roadmap and help integrate AI-powered capabilities across the Robinhood platform.
With Pluto, investors have access to:
- Enhanced data analysis: Pluto’s advanced data analysis capabilities can process and interpret market data more efficiently, providing state-of-the-art large language models (LLM) with real-time access to personal and global financial data. This means identifying trends and opportunities faster, giving investors a competitive edge.
- Personalized Investment Strategies: Pluto’s algorithms tailor investment strategies to individual client profiles. By analyzing factors such as risk tolerance, investment goals and historical behavior, the platform offers highly tailored recommendations.
- Real-time Insights and Portfolio Optimization: Investors receive real-time updates and information, enabling informed decisions to be made quickly and confidently. With AI-based analysis, client portfolios can be continuously optimized for better results, balancing growth and risk according to individual preferences.
“We are thrilled to welcome Pluto and Jacob Sansbury to Robinhood,” said Mayank Agarwal, VP of Engineering. “They have built an impressive platform that is highly respected in the financial services industry. Importantly, their AI expertise combined with a passion for democratizing finance will complement our team’s drive to bring AI-powered tools to our customers.”
“Robinhood is the ideal destination for building products that democratize access to financial services like wealth management and financial planning through the latest AI technology. I look forward to innovating at the company that has inspired me and so many others,” said Jacob Sansbury, CEO of Pluto.