Robinhood users can now let AI agents invest for them

Robinhood customers can now let an AI agent invest on their behalf. That is what Stephanie Guild, the company's chief information officer, said on the Bloomberg Money program. She also said some customers are using the recent pullback in AI stocks to buy, with cash they had set aside.

What an AI agent is

An AI agent is software that takes actions for you. A chatbot answers questions. An agent goes a step further and does something. In this case, the action is investing. The software acts for the account holder instead of waiting for each click.

What Guild described

Guild spoke with hosts Scarlet Fu and Tom Keene. The conversation covered how she sees consumers responding to the pullback in AI stocks. Some, she said, are keeping cash on the side so they are ready to invest when prices dip. The talk also touched on the new option to use agents for investing.

What is not known yet

The material available does not explain how the feature works. It does not say which agents are supported, what limits users can set, or what it costs. It also does not say how many people have tried it or how it has performed. Those details would matter to anyone thinking about using it.

What to do

Anyone with a trading app should treat an agent like any other helper with access to money. Before switching one on, look for answers to a few basic questions.

• What is the agent allowed to buy or sell?
• Can you set a spending limit?
• Can you see every action it takes?
• How do you turn it off quickly?