Sequoia Capital has invested in Rogo Technologies, a startup creating AI tools to enhance the efficiency of investment bankers. The deal values Rogo at $750 million, significantly increasing its worth since a previous $50 million investment earlier this year.

Bank of America is increasing its focus on artificial intelligence (AI) to enhance customer service and operational efficiency. Other major banks like BNY Mellon, Goldman Sachs, and Wells Fargo are also investing in AI technologies, recognizing the potential for improved decision-making and streamlined processes in the financial sector. This trend reflects a broader shift in the industry towards leveraging advanced technologies to gain competitive advantages.