Robinhood Acquires Large Model Platform Pluto

Creati.ai AI News - July 2, 2024

Renowned investment app Robinhood has announced the acquisition of large model platform Pluto. Pluto's core technology leverages large language models to analyze market data and personal financial information.

Robinhood plans to integrate these advanced capabilities into its own platform, enabling users to make smarter investment decisions more quickly.

Jacob Sansbury, Pluto’s founder and CEO, will join Robinhood post-acquisition to lead the integration of AI technology. Sansbury, a former engineer at Bridgewater Associates, founded Pluto in 2021. He believes Robinhood is the ideal platform to democratize financial services like wealth management and financial planning using cutting-edge AI technology.

Mayank Agarwal, Robinhood's VP of Engineering, praised the acquisition, noting that Pluto's AI expertise in financial services aligns perfectly with Robinhood's mission to democratize finance.