Robinhood Acquires AI Platform Pluto to Enhance Investment Tools

The integration aims to provide users with personalized strategies and real-time portfolio optimization.

Robinhood has purchased AI-powered research platform Pluto Capital for an undisclosed amount.
The acquisition is expected to improve Robinhood's data analytics and investment strategy offerings.
Pluto's founder, Jacob Sansbury, will join Robinhood to assist with the integration of AI capabilities.
The deal highlights Robinhood's commitment to expanding its AI-driven financial services.
Robinhood's stock has risen 80% in 2024, reflecting investor confidence in its growth strategies.