Robinhood Markets, Inc. (NASDAQ:HOOD) on Monday announced its acquisition of Pluto Capital Inc., an artificial intelligence-powered investment research platform.
What Happened: This move aims to bolster Robinhood’s capabilities in providing AI-driven investment tools and personalized strategies to its users, according to a press release.
Pluto Capital Inc. is known for its advanced data analysis and customized investment strategies.
The company’s technology leverages large language models (LLMs) to process and interpret real-time personal and global financial data, enabling quick identification of market trends and opportunities.
As ...