Robinhood Markets, Inc. (NASDAQ:HOOD) stock is trading lower today.
The company announced that it is experiencing an interruption in service for some customers.
An hour after the announcement, Robinhood confirmed that the issue stands resolved.
Also, Robinhood announced the acquisition of Pluto Capital Inc., an AI-powered investment research platform known for providing highly customized investment strategies based on customer needs and financial goals.
This strategic move marks a new era of intelligent, data-driven investing at Robinhood.
Pluto's Founder and CEO, Jacob Sansbury, will join the Robinhood team to enhance the product roadmap and integrate AI capabilities across the platform.
Pluto offers advanced data analysis, personalized investment strategies, and real-time insights, enabling investors to make informed decisions swiftly.
Pluto's AI-driven data analytics can process and interpret market data efficiently using state-of-the-art large language models (LLMs) with access to real-time financial data.
This technology helps identify trends and opportunities quickly, giving investors a competitive edge.
Pluto's algorithms tailor investment strategies to individual customer profiles by analyzing risk tolerance, investment goals, and historical behavior, resulting in highly customized investment recommendations.
Investors benefit from real-time updates and insights, allowing for swift and confident decision-making. AI-driven analysis enables continuous portfolio optimization, balancing growth and risk according to individual preferences.
Mayank Agarwal, VP of Engineering at Robinhood said, "Importantly, their expertise in artificial intelligence coupled with a mission-aligned passion to democratize finance will complement our team's effort to bring AI powered tools to our customers."
Price Action: HOOD shares are trading higher by 0.44% at $22.82 at last check Monday.
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Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
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