Robinhood CEO Vlad Tenev argues that public backlash against AI stems from ownership inequality, with most AI development happening in private companies that retail investors cannot access, unlike the early days of crypto. Robinhood is addressing this gap with two initiatives: Robinhood Agents, an agentic trading tool launched in beta in May 2026, and Robinhood Ventures, which holds a 75 million dollar investment in OpenAI alongside positions in Databricks. The firm aims to expand retail access to private AI markets, hoping to generate the same retail enthusiasm that crypto attracted in its early stages.
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