Robinhood Wants AI to Trade Your Money
(00:00.396)
It wasn’t a matter of if, it was a matter of when. That’s right. AI Traders. Yeah, I did a double take this morning when I saw this story. And good old Robin Hood. Yes. Yes, they’re great at losing their clients’ money. We’re helping their clients help themselves to losing money. Anyway, they’re launching a new feature that is going to let customers.
Hand their trading and credit card purchasing decisions to their favorite artificial intelligence tools.
(00:41.59)
Yeah, not making this up. yeah, basically offering individual customers from stock automated investing management. Hmm. Hmm. this is this is the quote from Robinhood. These AI agents for consumers have started to trade in the market. One thing that we’ve learned from talking to our customers is that they want to give their agents the power of Robin Hood.
But in a very safe way.
What could possibly go wrong? Robinhood users can link an AI agent like Anthropics Claude or the coding agent cursor to a separate dedicated investment account. There, the agent can access the dedicated funds and place trades as directed. For example, users might instruct.
Their agents to root out risks created by being overly concentrated one part of the market or monitor a basket of promising semiconductor stocks. Uh-huh. can be even more detailed. A customer might ask an AI agent to invest $100 based on the following parameters: sift through startup funding, deal activity, and private company valuations to identify places where private market investors.
are putting their money before they have been discovered by the public markets.
(02:16.46)
It’s already public if you have the information to it. I anyway. yeah, I I I don’t think that this is gonna end well. I I really don’t. again, allowing customers also connect to their gold credit cards, Robin Hood’s gold credit cards. allowing them to look for things and then make the decision on whether or not to buy them. Hey, listen,
Again, you stupid is a stupid does. you want to write your own little Claude program and have them trade away your money? listen, how about it? Have at it. Best of luck to ya. Best of luck to you. Just you know.
It’s okay, because it’s gonna happen. yeah. In the end, they come crying to me to fix it. Fix it. Mr. Markowski, I’m down fifty percent of my account. I’m down I yeah, I I can fix it, but it it’s a process and it’s gonna take time. And
Once these people get addicted to this high frequency trading, all this stuff, again, they they believe their own BS. They’re down fifty percent. They’ve gotta make a hundred percent to get back to where they are, and they do the same things that knock them down to fifty percent to get them there, and they’re gonna continue to do that. It’s frustrating as hell to me, but as they say, it is what it is. Watchdog on Wall Street dot com.
