Updated Jan 4
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Meta's AI Investments Drive 33% Revenue Surge Despite Stock Dip
Meta's Q1 2026 earnings revealed a significant rise in revenue, up 33% YoY, primarily due to AI-driven ad enhancements. However, the company's stock took a hit after announcing hefty AI investments, overshadowed by public concern over return on spending. Facebook's commitment to an AI-native culture indicates a long-term strategy, despite immediate costs.
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Rogo Secures $160M Series D for AI Finance Platform Expansion
Rogo snags $160M in a Series D round led by Kleiner Perkins, boosting its valuation to $2B. The funds will propel global expansion and enhance its AI system named Felix, promising to streamline workflows for financial giants. Over 35,000 finance pros at 250 institutions use Rogo to cut down on grunt work.
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Elon Musk Seeks Sam Altman's Removal in High-Stakes OpenAI Court Battle
Elon Musk takes OpenAI's Sam Altman to court, alleging Altman veered OpenAI away from its nonprofit roots. Musk claims theft, aiming to restore the company's original mission. With OpenAI now valued at $852 billion, Musk's legal fight spotlights massive stakes.
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