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Robinhood CEO Predicts AI Agents Will Match Human Traders as Firm Cuts 10% of Staff
Vlad Tenev outlined plans to extend institutional-grade AI trading tools to retail users. The comments came as the company expanded crypto offerings in Europe and reported recent stock gains.
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Robinhood CEO Vlad Tenev stated on Thursday that AI agents will soon match the capabilities of human traders. The company unveiled tools in May that allow AI agents to trade stocks and make purchases on users' behalf. Tenev told CNBC's Karen Tso that the idea behind agentic trading is to make every capability a human can do available to an AI agent.
He noted that a large portion of trades are already automated and AI powered, though that level of intelligence has remained out of reach for everyday people. The end state at Robinhood is to give retail investors the same tools, computation, and power that institutional investors in high-frequency trading firms have used for several decades, Tenev said.
As part of its European expansion. Shares rose 8 percent that day to a market capitalization of $98 billion and added around 2 percent in Thursday premarket trading. The stock is down about 5 percent in 2026.
In April the company missed first-quarter profit expectations and said it would act as broker and trustee for the yet-to-be-released Trump Accounts in partnership with the U.S. Treasury and BNY Mellon. Tenev said the goal is to make this the best consumer product that the government's ever been associated with.
Robinhood serves nearly 28 million customers across 38 countries and three continents. Earlier this month the firm cut 10 percent of its workforce to operate more efficiently.
