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Artificial Intelligence

Visa Is Venturing Into Artificial Intelligence

October 4, 2023
x min read

Visa wants to be a part of the artificial intelligence movement. And they are launching a brand new fund to do it.

What’s happening:

  • Visa (NYSE:V) has announced that they are putting up $100M USD to fund startups working on generative AI for payments
  • Led by their venture capital arm Visa Ventures, the aim is to fund early stage startups building new infrastructure from data organization to applications for users

Why it matters:

  • Artificial intelligence continues to attract large pools of new capital to fund startups
  • Visa Ventures is a prominent venture capital arm that has made a variety of notable investments over the years across payment platforms, crypto, software and more

The intrigue:

  • Visa says they have been using artificial intelligence in various capacities for over two decades already and want to be a leader in generative AI technology

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