Who are Robinhood’s biggest competitors? It’s not the other popular retail brokerage firms like Schwab

SCHW or Interactive Brokers IBKR, at least according to Chief Executive Vlad Tenev.

“I think the real competitors are the companies that we compete with for talent, at the end of the day, because that’s who’s taking up my mind share,” Tenev said in an interview with MarketWatch. “The companies that we think about a lot are the AI companies. That’s who we compete with for talent.”