Robinhood to let AI execute trades and make purchases for users

Robinhood has introduced a feature that allows customers to connect AI agents, such as Claude, to their investment accounts and delegate their trading and credit card purchasing decisions to the bots.

Experts note that it is a growing trend among financial services firms. Several have launched features that allow AI tools to decide everything, from stock research to automated investment management.

Robinhood vice president of product management Abhishek Fatehpuria said users can set highly detailed parameters for the AI agents to analyze before executing trades. It could help spot early market opportunities.

Currently, the tool only supports stock trading, but options, crypto, and event-contract capabilities are expected to be added later. Users receive push notifications for every trade and can disconnect the AI agent at any time.

For shopping, the AI agent can use the Robinhood Gold Card to monitor low prices, check availability, and buy or book items, including hard-to-get restaurant reservations, flights, and Broadway tickets.

To reduce financial risk, the AI cannot access primary credit card numbers or account details. Users can also set strict spending limits and require manual approval for every purchase made by the AI.