Robinhood Markets Inc. has announced its acquisition of Pluto Capital Inc., an artificial intelligence research platform, to offer more tailored investment strategies and analysis to its users. According to InvestmentNews, although the terms of the deal were not disclosed, this acquisition marks a significant move for Robinhood as it seeks to expand its range of services.

Robinhood, known for catering to average retail traders, has been broadening its offerings to include cryptocurrency, retirement products, and credit cards. With Pluto's AI capabilities, Robinhood aims to provide its users with updated market analysis and personalized investment recommendations, a service traditionally reserved for wealthier investors.

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