Markets news

Robinhood launches AI agents that can trade for customers

The agents run on OpenAI and Anthropic models and trade from a separate account. Approval of each trade is on by default, and Robinhood says customers are responsible for what the agents do.

Robinhood announced Robinhood Agents on September 29 at its HOOD Summit in Houston. Customers can set up an AI agent in the mobile app that researches investments and trades stocks, options and crypto from a separate account they fund. OpenAI’s GPT-6 Luna is free until December 31, and other models are billed per use.

AMD is now worth more than $1 trillion

The rally rests on a bet that AI agents will need more processors.

AMD’s shares closed at a record $615.52 on September 21, lifting its market value above $1 trillion for the first time. It announced no new deal or product. Traders are betting that AI agents will need many more server processors.

Former OpenAI researchers launched Jev, a model that decides

It chooses instead of writing text. It costs $0.042 per million tokens.

TypeSafe AI launched Jev on September 15 with $40 million in seed funding led by DCVC. The model returns choices and probabilities instead of text. It charges $0.042 per million input tokens, and output is free.

Broadcom made $16.7 billion from AI hardware in one quarter

Large cloud companies are buying custom AI chips and fast network equipment. This shows that the AI hardware boom is bigger than general-purpose GPUs alone.

AI agents impress, but can companies make money from them?

AI agent demos can look great, but real work also includes errors, checks, and retries. These extra steps can make each useful result expensive.