Robinhood recently announced its acquisition of Pluto Capital, an artificial intelligence research platform. The company’s goal is to offer users more personalized investment strategies and analysis. Pluto, founded by 24-year-old Jacob Sansbury, is renowned for its customized investment advice and real-time analytics powered by AI.
Mayank Agarwal, Robinhood’s vice president of engineering, commended Pluto’s platform, noting that it is highly respected in the financial services industry. Pluto collaborates with individual investors to improve their crypto portfolios. The company’s technology will utilize current market data and users’ portfolios to offer tailored investment suggestions.
Sansbury emphasized the platform’s accessibility for retail investors, stating that there will be no thresholds or gates. Pluto’s AI-driven analytics have the potential to revolutionize how users engage with digital assets and crypto investing, providing real-time data and personalized insights. AI is used to enhance user experience and decision-making as well as to predict market prices, both on Wall Street and in the crypto market.
Both companies share the common objective of making advanced investment tools accessible to regular investors, ultimately increasing confidence and participation in crypto.
