Visa Invests $100 Million in Generative AI Companie

– Visa to invest $100 million in generative AI tech for commerce and payments.

– Investments through Visa Ventures, their global corporate investment arm.

– Visa, a pioneer in AI payments since 1993, expands into generative AI.

– Generative AI creates content and promises to reshape commerce.

– David Rolf, head of Visa Ventures, sees generative AI as transformative.

– Visa Ventures has flexibility for various-sized investments.

– Criteria focus on solving real problems in commerce, fintech, and payments.

– Interest spans data organization to user experiences.

– Responsible AI use is a key consideration for Visa.

– Visa's fintech team collaborates with Visa Ventures for scouting.