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Robinhood CEO Says AI Will Make Investing 'Much Bigger And More Necessary'—But There's A Catch For Wealth Inequality

Robinhood CEO Says AI Will Make Investing 'Much Bigger And More Necessary'—But There's A Catch For Wealth Inequality

Robinhood Markets Inc. (NASDAQ:HOOD) CEO Vladimir Tenev believes artificial intelligence will fundamentally reshape how Americans think about investing, predicting that putting money to work in the markets will become a "much bigger and more necessary part of individual lives’" within the next decade.Speaking on the “Iced Coffee Hour” podcast released on Aug. 24, Tenev outlined a future where AI’s disruption of traditional employment makes investing less of an option and more of a survival strategy for financial security.Don't Miss:The same firms that backed Uber, Venmo and eBay are investing in this pre-IPO company disrupting a $1.8T market — and you can too at just $2.90/share.They Sold Their Last Real Estate Company for Nearly $1B — Now They're Building the Future of U.S. Industrial GrowthThe AI Investment ParadoxTenev sees AI creating a paradox in wealth creation. While the technology currently concentrates wealth among a handful of “Mag 7” tech giants, he believes long-term impacts could enable more “single-person companies” as AI automates specialized business functions.“AI will change jobs rather than eliminate them, creating new and more interesting human jobs,” he told the podcast hosts, Graham Stephan and Jack Selby, advising people to become “AI native” quickly to avoid being left ...Full story available on Benzinga.com

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