AI brokers will quickly have the flexibility to match the capabilities of human merchants, Robinhood CEO Vlad Tenev predicts.
The facility of agentic know-how — AI that may perform duties for customers — has been touted as probably transformational by many within the tech sector, with business giants together with OpenAI and Anthropic racing to develop such merchandise.
Robinhood unveiled instruments in Could that permit AI brokers to commerce shares and make purchases on customers’ behalf.
“The thought behind agentic buying and selling…[is] each functionality a human can do can be accessible to an AI agent,” Tenev informed CNBC’s Karen Tso on Thursday.
“I used to be doing programmatic buying and selling as an institutional participant earlier than beginning Robinhood, and what you do not notice is a big portion of trades are already automated and AI powered.”
“However that kind of intelligence and complexity has been out of attain from on a regular basis folks,” he added.
“The tip state of agentic buying and selling at Robinhood is to present the on a regular basis individual entry to the identical instruments, the identical computation, the identical energy that institutional buyers in high-frequency buying and selling corporations have been having fun with for a number of many years.”
On Wednesday, Robinhood mentioned it will launch crypto buying and selling within the U.Ok. because it expanded its providing in Europe.
Shares of Robinhood have been up round 2% in Thursday premarket buying and selling after an 8% pop on Wednesday, taking the group’s market cap $98 billion at shut. Shares are down round 5% in 2026.
Robinhood inventory
In April, Robinhood missed expectations for first-quarter revenue as crypto-driven market volatility weighed on buying and selling exercise. Market situations have since improved, with easing Center East tensions and powerful fairness markets supporting retail buying and selling exercise.
That very same month, Robinhood introduced it will act as a dealer and trustee for the yet-to-be-released Trump Accounts, in partnership with U.S. Treasury and BNY Mellon.
“The purpose is to make this one of the best client product that the federal government’s ever been related to,” mentioned Tenev.
Robinhood serves almost 28 million prospects throughout 38 nations and three continents, the corporate mentioned in a press release.
Earlier this month, Robinhood lower 10% of its workforce because it regarded to function extra effectively.
“Robinhood’s enterprise has by no means been stronger,” Tenev mentioned in a notice to workers shared on social media platform X.
“We can not default to working as a heavily-layered group. We should be a lean, hyper-focused workforce,” he added.
