Robinhood Acquires Pluto

https://www.wealthtechstrategy.com/post/robinhood-acquires-pluto

Robinhood announced last week that it has acquired Pluto Capital, an AI-powered investment research and portfolio construction platform targeted at retail. According to the company, the Pluto acquisition will allow Robinhood investors to:

1. Enhanced analytics to identify trends and opportunities using large language models and real-time data.
   

2. Personalized investment strategies based on risk tolerance, investment goals, and historical behavior.

3. Real-time insights and optimization with AI-driven analysis.

This appears to be part of Robinhood's ongoing effort to re-monetize their installed base by diversifying away from day-trading and bitcoin towards longer-term investment strategies and wealth management.

Link to article: https://www.finextra.com/pressarticle/101372/robinhood-acquires-ai-investment-research-platform-pluto-capital