AI agents will soon be able to match human traders, Robinhood CEO tells CNBC
AI agents will soon have the ability to match the capabilities of human traders, Robinhood CEO Vlad Tenev predicts. The power of agentic technology AI that can carry out tasks for users has been touted as potentially transformational by many in the tech sector, with industry giants including OpenAI and Anthropic racing to develop such products. Robinhood unveiled tools in May that allow AI agents to trade stocks and make purchases on users' behalf. "The idea behind agentic trading [is] every capability a human can do will be available to an AI agent," Tenev told CNBC's Karen Tso on Thursday. "I was doing programmatic trading as an institutional player before starting Robinhood, and what you don't realize is a large portion of trades are already automated and AI powered." "But that type of intelligence and complexity has been out of reach from everyday people," he added. "The end state of agentic trading at Robinhood is to give the everyda...
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