Visa on Wednesday launches USD 100 million fund to invest in companies harnessing generative AI technologies and applications for commerce and payments.
The initiative will be led by Visa Ventures, the global corporate investment arm of Visa.
David Rolf, Head of Visa Ventures mentioned that he is excited to expand our focus to invest in some of the most innovative and disruptive venture-backed startups building across generative AI, commerce and payments.
Jack Forestell, chief product and strategy officer, Visa, says the initiative is as much about understanding the transformative potential of generative AI as it is about earnings yield.
