Visa earmarks $100M to invest in generative AI companies TechCrunch Makemetechie.com Summary

News Summary

Visa announced today that it plans to invest million in companies developing generative AI technologies and applications that will impact the future of commerce and payments.
The investments will be made through Visa Ventures the card giant s year old global corporate investment arm Visa claims to have been a pioneer of AI use in payments since the early 1990s.
For the unacquainted Generative AI is an emerging subset of AI trained on large sets of existing data to generate text images or other content when given text prompts.

Visa announced today that it plans to invest $100 million in companies developing generative AI technologies and applications that will impact the future of commerce and payments.The investments wi [+1232 chars]

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