Visa to Invest $100 Million in Generative AI Technologies, Impacting Future of Commerce and Payments

Visa plans to invest $100 million in companies developing generative AI technologies and applications. The investments will be made through Visa Ventures, the company's global corporate investment arm. Generative AI is an emerging subset of AI that uses large sets of existing data to generate text, images, and other content. Visa believes that this technology will reshape how we live and work, and will also have a significant impact on commerce. The head of Visa Ventures stated that generative AI has the potential to be one of the most transformative technologies of our time.