Sequoia Capital invests in AI tool that could replace junior bankers

Source: Tech – South China Morning PostSequoia Capital is making a bet on the future of Wall Street, leading an investment in Rogo Technologies, a start-up developing artificial intelligence tools to make bankers more efficient, at a valuation of US$750 million, according to people familiar with the matter.
The New York-based company builds software that helps investment bankers with certain tasks and eventually aims to create the AI equivalent of a banking analyst. The new deal more than doubles Rogo’s valuation from earlier this…Read More

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