Robinhood to allow AI agents to execute trades

Summary

CNBC's Kate Rooney reports on Robinhood's new product allowing AI agents to execute trades on behalf of clients. The feature rolls out first with equities, with options and crypto to follow. Robinhood also lets AI agents handle shopping via virtual credit cards. The company warns customers remain responsible for all activity.

• Robinhood is letting clients connect external AI agents to brokerage accounts for trading.
• The feature is rolling out in the next few weeks and initially supports only equities.
• Options and crypto trading via AI agents are planned for future release.
• Customers can set limits, require sign-off, and disable the agent if needed.
• Robinhood is also enabling AI agents to make purchases using virtual credit cards.
• This marks a first for the retail brokerage industry, where AI has mostly been used for advice.