Robinhood, the popular trading platform, launches agentic trading, allowing users to connect AI agents like Claude and ChatGPT to manage their portfolios. Simultaneously, Anthropic, the AI startup, raises $65 billion, surpassing OpenAI's valuation.
Robinhood introduces a new feature that lets users link AI agents to a dedicated sub-account with a pre-set budget. These AI agents can read the user's full portfolio, analyze risks, and execute trades autonomously. Users receive push notifications for every trade, and some orders require manual approval. A Robinhood fraud team monitors any suspicious activity.
The company also unveils a virtual credit card for AI agents, offering 3% cashback, currently available to Gold Card holders. This feature allows the same AI agent managing stocks to handle bill payments as well.
Anthropic closes a $65 billion Series H round, reaching a post-money valuation of $965 billion. This marks the first time Anthropic has surpassed OpenAI's valuation, which stands at $852 billion. The round was co-led by major investors including Altimeter Capital, Dragoneer, Greenoaks, Sequoia, Coatue, and D1 Capital Partners. Chip giants Samsung, SK Hynix, and Micron join as strategic infrastructure partners.
Anthropic's annualized revenue run rate has crossed $47 billion, and the company expects a 130% revenue surge to achieve its first operating profit. The growth is driven by enterprise demand for Claude Code, making Anthropic the dominant AI vendor inside large organizations.
The introduction of AI agents in consumer finance by Robinhood sets a new precedent in the industry. With options, crypto, futures, and prediction markets on the horizon, the platform is poised to revolutionize how retail investors manage their portfolios. Meanwhile, Anthropic's massive funding round signals a significant shift in the AI landscape, with the company planning to invest in safety research, compute expansion, and scaling the Claude platform.
As these developments unfold, the financial and AI sectors are set to experience unprecedented changes, with more companies likely to follow suit in integrating advanced AI technologies into their operations.
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