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: open.spotify.com/episode/2hOx5O… YouTube: youtu.be/rkTMQ3oHzFE Substack: sources.news/p/robinhood-ce… Apple Podcasts: podcasts.apple.com/ca/podcast/rob… Thanks to the show’s premiere sponsors: @Atlassian, @meetgranola, and @mercury.(Historical earnings: Apple reported Q2 2026 actual results: basic EPS of 4.87, diluted EPS of 4.85, and net income of USD 71.675 billion, compared with basic EPS of 4.06, diluted EPS of 4.05, and net income of USD 61.110 billion in Q2 2025. Q1 2026 actuals were basic EPS of 2.85, diluted EPS of 2.84, and net income of USD 42.097 billion, versus basic EPS of 2.41, diluted EPS of 2.4, and net income of USD 36.330 billion in Q1 2025. Consensus expectations: For Q4 2026, consensus expects EPS of 2.0214 and revenue of USD 115.327 billion. For Q1 2027, consensus expects EPS of 2.9512 and revenue of USD 156.464 billion.)