Robinhood announced on Monday that it launched the first artificial intelligence tool, Digests by Robinhood Cortex, to customers in the UK.
The feature, which is located directly on the stock details page in the application, is said to use the Importary IQ to survey urgent news, analyst reports, technical data and Robinhood data.
Then it produces clear club summaries that explain the reason for the shares move, with the aim of helping investors make more enlightened decisions.
Digests is the first product supported by Robinhood Cortex, the AI’s investment assistant in the company.
It was initially unveiled at the Lost City of Gold event in San Francisco, Robinhood, San Francisco earlier this year and was launched in the United States during the summer.
According to the company, hundreds of thousands of users have already tried the tool, as 95 % of the customers who included the survey said they appreciated its clarity, importance and timing.
“Digestion from Robinhood Cortex is the first tool for artificial intelligence – built directly in our application,” said Jordan Senkler, President of Robinhood UK. “We believe that our customers in the United Kingdom-from the first time to the experienced traders-will appreciate the summary that can be accessed in a timely manner that can highlight what may be transferred.
“We will continue to provide artificial intelligence tools that give priority to customer education and help our investors move in the market with confidence.”
Robenol said digestion is suitable for all levels of experience, as it provides a quick way to collect information, test commercial ideas and verify signaling signals.
At launch, the feature will cover many of the most common shares on the platform and will be free for customers in the UK.