An article summarized by TechCrunch:
Robinhood announced new AI-powered products that allow AI agents to trade stocks and make payments on users’ behalf, joining a broader tech industry push toward “agentic” AI systems. Users can now create separate accounts and dedicated wallets for AI agents, which can analyze portfolios, develop trading strategies, and place trades using only preloaded funds. Robinhood said users will receive notifications, monitor activity inside the app, and in some cases approve trades before execution, while fraud detection systems will review suspicious activity.
The company’s new AI trading feature launches in beta and currently supports stock trading, with plans to expand into options, crypto, futures, prediction markets, and other assets. Robinhood is also introducing a virtual credit card for AI agents that allows them to make payments through the company’s banking infrastructure. Users can set spending limits and decide whether their AI agent needs approval before making purchases. The feature is initially available to Gold Card holders, with broader expansion planned later this year.
Robinhood’s latest move builds on its growing AI ambitions, including its 2024 acquisition of AI research platform Pluto and the launch of an AI investment assistant. The company says customers increasingly want to connect their own AI tools and large language models to financial services. Robinhood joins a growing list of companies, including Stripe, Amazon, and Google, developing systems that enable AI agents to buy, pay, and act autonomously for users.
