AI brokers will quickly have the flexibility to match the capabilities of human merchants, Robinhood CEO Vlad Tenev predicts.
The ability of agentic expertise — 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 enable AI brokers to commerce shares and make purchases on customers’ behalf.
“The concept behind agentic buying and selling…[is] each functionality a human can do shall be obtainable 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 individuals,” he added.
“The top state of agentic buying and selling at Robinhood is to provide the on a regular basis individual entry to the identical instruments, the identical computation, the identical energy that institutional traders in high-frequency buying and selling companies have been having fun with for a number of a long time.”
On Wednesday, Robinhood mentioned it could 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 could 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 the most effective client product that the federal government’s ever been related to,” mentioned Tenev.
Robinhood serves almost 28 million prospects throughout 38 international locations and three continents, the corporate mentioned in a press release.
Earlier this month, Robinhood lower 10% of its workforce because it appeared to function extra effectively.
“Robinhood’s enterprise has by no means been stronger,” CEO Vlad Tenev mentioned in a observe to workers shared on social media platform X. “We can not default to working as a heavily-layered group. We have to be a lean, hyper-focused workforce,” he added.
