Robinhood to let retail investors into private AI start‑ups via new fund, CEO says

The trading platform Robinhood is preparing to open access for small investors to private artificial intelligence companies, according to remarks Vlad Tenev made in an interview with the Financial Times. Vlad said he wants “normal people” to have a chance to invest in private AI firms whose valuations have surged. He said AI will cause “widescale disruption” and that retail traders should be able to participate in whatever comes out of that change, rather than being locked out while large institutions collect the gains. The plan involves a new fund managed by Robinhood’s subsidiary, Robinhood Ventures, which will invest in a concentrated group of at least five private AI start-ups considered “best in class.” Vlad said the fund may use borrowed money to potentially increase returns. This comes at a moment when private markets are attracting more interest from smaller investors, while traditional public markets have steadily shrunk. Fund access...

https://www.cryptopolitan.com/robinhood-retail-into-private-ai-start%e2%80%91ups/