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AI leaders need a license to operate with public support
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Robinhood CEO @vladtenev on the AI backlash: "Most people don't have access to invest in these companies, and that's led to all these negative effects. The AI leaders are like, 'Why is everyone mad at me? I'm just running my business.' Your shareholder base, through no fault of your own, is part of this. Most people don't really think about this. Most are very much thinking, 'How do I grow my business as fast and big as possible and beat my competitors?' With something like AI, you have to…
Alex Heath@alexeheathOct 13
Robinhood’s CEO on letting AI trade your money @vladtenev on Robinhood’s new agent bet and the AI ownership inequality problem. Robinhood wants to put an AI hedge fund in your pocket. CEO Vlad Tenev tells me how Robinhood Agents brings AI trading into the app, and why he expects agents to generate a growing share of individual investors’ trading activity. We discuss how much control to give an AI that can trade your money, why Robinhood keeps agents in separate accounts, and where investors will find an edge when everyone has access to powerful models. He also explains his push for every Robinhood employee to have agents working while they sleep. Tenev argues that the AI backlash is partly an ownership problem: most people can’t invest in the companies driving it. We get into Robinhood’s push to open private markets to everyday investors, the coming AI IPOs, and his response to criticism of tokenized stocks. We also discuss prediction markets and why he objects to AI labs keeping their most powerful tools to themselves. Timestamps: 03:06 Making AI trading accessible 06:10 Trading safeguards and approvals 09:02 The future of AI trading 14:52 Finding an edge with AI 23:15 How Vlad uses agents 27:13 AI inequality and retail access 35:40 Robinhood's IPO ambitions 38:23 Markets, inflation and AI 41:28 Ownership and Trump accounts 44:42 Why tokenize stocks? 52:17 The future of prediction markets 55:40 Who should control AI? Spotify: https://open.spotify.com/episode/2hOx5Oqmt5dY6CManSwC4I?si=41uDIZKBS2SghYWbkZNocg YouTube: https://youtu.be/rkTMQ3oHzFE Substack: https://sources.news/p/robinhood-ceo-ai-trading?r=89hgxm Apple Podcasts: https://podcasts.apple.com/ca/podcast/robinhoods-ceo-on-letting-ai-trade-your-money/id1840154537?i=1000796203565 Thanks to the show’s premiere sponsors: @Atlassian, @meetgranola, and @mercury.
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