Visa has announced that it will invest $100 million into companies that are working on generative AI projects.
Visa also confirmed that the size of the investment will depend on the promise of the generative AI project.Given that Visa operates in the financial space, it is naturally looking for generative AI projects from companies that specialise or have a keen interest in commerce and payments. “Visa considers this initiative an extension of the company’s leadership in AI use to drive innovation in payments, create value for partners and clients and enable and empower global commerce,” it added in a blog post.
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