Robinhood推出AI Agent应用及24/7交易功能

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Joining us now live from that summit is the chairman and CEO of Robin Hood, Vlad Tenna. Vlad, great to have you back on the program. Uh, you said last night that you're basically putting the power of hedge funds into every trader's pocket. Explain that.

That's right. I mean, we are in unprecedented times. uh you you hear that said a lot, but super intelligence is changing how we create and how we do everything. and Robin Hood, we're focused on the financial aspect of this and what what can happen if you plug if you safely plug in this super intelligence into your Robin Hood account and we take all of the capabilities that Robin Hood offers, which we announced 16 new ones last night, but think of it as the ability to trade any asset 24/7.

And we're really building the infrastructure for that. And with uh Robin Hood agents, we can now plug uh Frontier intelligence into all these assets and allow your intelligence to to help you trade these things. We also introduce agent apps which allow you to plug in unique data sources. So things like unusual whales, token terminal, um satellite, we have satellite imagery where you can actually tap into real time satellite views of parking lots if you want to import that into your trading strategy.

And and we also have the ability to run agent loops. So these are autonomous runs where the agent can actually perform actions for you in your Robin Hood account while you're sleeping. Uh so we're we're very excited about what this unlocks and it's really just about making it clear to our active traders who are the foundation of our business that you're at a disadvantage trading anywhere besides Robin Hood.

Well, I am curious uh specifically on the agent uh on the agent apps. I mean, how are you making money off that? Is that from subscriptions or just a share of the agent app fees? I mean I mean what's the what's the direct uh financial benefit to you? Yeah. So there's like three different potential monetization paths that you can think of here. One is just subscriptions. So these app developers uh are charging subscriptions and they're actually offering deals where you know you get you get free usage for the first month and you know in some cases through Robin Hood agent apps or marketplace uh you can save money ra it's not just easier to integrate with Robin Hood in your trading but you can actually save money compared to getting the subscription directly or elsewhere.

So there's a subscription and we take uh a piece of that for operating the marketplace. There's also just the trading activity which we monetize normally on our platform uh and and we get that and then for now uh we're we're offering free usage uh through OpenAI of GPT6 Luna till the end of the year. Uh but there's also monetization on the AI model serving layer if you're using you know one of the one of the premium models that costs money.

Talk a little bit more about what the users are actually going to see when they use this um trading agent. Do they just see the completed order or do they get a little bit of insight into the rationale behind you know every single trade? What is the model looking at? Um what kind of risk limits is this agent looking at? Yeah, and you know, if you uh we gave a pretty cool demo of all this. So, if the viewers want to get in deeper, we I encourage you to check that out.

But basically, what this is is it's a separate account. So, for those of you that have Robin Hood, we allow you to separate your assets into multiple accounts. Of course, we have your main Robin Hood account, but we also have retirement. We have joint accounts. We now offer trusts. And we've introduced an Aentic account, which is like a separate money bucket away from your retirement, away from your main brokerage account.

And you can choose to move money into an Agentic account. And you can think of it as like a financial sandbox, you know, to make sure that your agent doesn't go and just trade all of your money. you have to make affirmative moves to actually move money and assets into the Aentic account. By default, trade approvals are on. So, you'll you'll approve every trade that the agent wants to make. But if you want, you can turn that off.

And then you also have agent loops where you can essentially create uh loops where the agent periodically does does its analysis, runs the strategy, and decides whether to trade. And that allows you to operate your agent even when you're not looking at your Robin Hood app like when when you're sleeping. Um because now you know equity markets are going to be 24/7 starting with Robin Hood first. So you'll always be able to capture opportunities.

Well, I do I want to just ask you though about the liability and I did look at the disclosure and it's very clear that the uh that the the liability risk at least for right now uh for losses still rests with the the user rather than Robin Hood itself. But have you uh talked with your tech team about this idea of whether the agents uh and and the technology be behind it maybe hallucinates uh and does the wrong ticker or or basically does something that the user did not intend it to do?

Does that loss or potential loss still fall on them or would Robin Hood actually bear uh some of that uh some of that responsibility? Yeah, I mean uh I guess without going into like the legal nature of this question, uh what I'll tell you is we've spent a lot of effort and time making sure we mitigate the risk of hallucination and not not just hallucinations in the core models which have been improving but also making sure that it calls Robin Hood services through well-defined tool calls and and there's actually a lot of engineering on what's called the harness layer, which is the layer that goes around the model and connects it to our system to make sure that only allowed tool calls uh are are made possible.

We spend a lot of effort, you know, making that really really robust and making sure that, you know, the the reliability is is uh up to our standard. Um and you know again there's trade approval so you can monitor what the what the agent is doing. Uh there there's also we're investing more in predictable determinism so that the the outputs are interpretable and uh we should also say that this isn't our first Aentic product.

We rolled out Aentic trading a few months ago and we've had over 150,000 customers using it and actually building things and uh this is an extension of that. Of course, it's going to be much bigger now that it's inside the Robin Hood app, but I think we're building increasing confidence that these tools are not just powerful and open new capabilities, but but they're also uh they're also safe. And we believe that through our guard rails, we can actually introduce these products to users in a way that is safe and and also useful.

All right, Vlad. Well, appreciate you taking time away from the summit down there in Houston. Vlatt Tennith, chairman CEO of Robin Hood.