US broker Robinhood plans to give amateur investors a route to put money into private artificial intelligence companies whose valuations have vastly increased.
Chief executive Vlad Tenev told the Financial Times that he is more interested in giving “normal people” exposure to the rapid growth of private AI companies than worrying about whether a bubble is forming in the sector.
AI is going to create “widescale disruption and we want people to have exposure to the drivers of that disruption”, he said.
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