Visa this week announced a new $100 million generative AI ventures initiative to invest in fintech startups focused on developing productive AI technologies and applications that will impact the future of commerce and payments. The initiative will be led by Visa Ventures, the company’s global corporate investment unit. Visa joins a growing list of financial firms exploring generative AI, recognizing its transformative potential in the financial services sector – Morgan Stanley has already embraced the technology for various commercial applications.
Visa to invest $100 million in AI Fintech Startups Focused on Payments
