American brokerage Robinhood launches AI intelligent agent purchase service for stocks.
Customers of the American internet brokerage Robinhood will soon be able to instruct AI agents to conduct stock trades for them. According to a statement released by the company on Wednesday, customers can establish an "agent-managed brokerage account" that is completely separate from their standard investment portfolio, with the AI agent only able to use funds deposited by the client into that account. Investors can direct the AI agent to build a diversified investment portfolio from scratch or adjust portfolio allocations based on market opportunities. Additionally, Robinhood Gold credit card holders can also have AI agents assist with shopping, but they must first set a monthly spending limit and choose whether or not to enable manual approval. For example, cardholders can set alerts for the agent to immediately book a reservation at a popular restaurant with availability, or have the agent search for desired handbags online and automatically purchase them when the price is below $2,500.
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