Pinner has extensive experience leading IT infrastructure transformations.
Robinhood’s CEO Vlad Tenev was effusive in his praise of the new hire.
Investors are taking notice of Robinhood after the company named AI expert Jeff Pinner as its new CTO. The news comes as the HOOD stock has been through some rough trading as of late, falling almost 20% in the last month.
The statement caused the stock price to rise more than 3% in the early US hours, suggesting that the market’s attention is moving towards the platform that is favorable to cryptocurrencies. This news showcases the company’s dedication to enhancing its platform and capabilities via the use of cutting-edge AI technology.
Banking on AI
Pinner has extensive experience leading IT infrastructure transformations, having worked as CTO at Lyft and Cruise. The trading platform sees this executive’s hiring with optimism and believes he will be essential in the company’s future success. Commenting on the update, Pinner shared his enthusiasm for joining the business and praised the firm’s ability to revolutionize the financial services industry.
Furthermore, he emphasized that the trading platform is a tech-driven company leading the charge of major financial industry shifts, particularly in artificial intelligence.
At the same time, Robinhood’s CEO Vlad Tenev was effusive in his praise of the new hire. He made note of Pinner’s history in artificial intelligence and how it would play a big role in fostering technical excellence and providing customers with innovative financial solutions.
Notably, the trading platform is putting an emphasis on AI at a time when the IT industry is playing a pivotal role in financial markets. It seems like the platform is putting a lot of effort into AI so it can drive its product roadmap, enhance operational effectiveness, and increase customer experience.
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