13.8 C
New York
Wednesday, April 17, 2024

Some context for the Visa $100 million Gen AI fund

By Peter Renton

Since Visa introduced late Monday their new $100 million fund targeted on generative AI startups a lot has been written.

This piece in American Banker caught my consideration as a result of it strikes past the hype (Look! Generative AI!) and offers a lot wanted context.

There are few, if any, corporations with a bigger information set than Visa, significantly on the subject of funds. “Visa has entry to the varieties of knowledge that may present the gasoline for differentiated massive language fashions that may be utilized to payment-specific issues.”

Visa additionally has a nicely established accelerator program and its Visa In all places program is now a worldwide with a whole lot of startups concerned. It additionally has its Fintech Associate Join the place is connects fintechs to banks and different established corporations.

That is the place it will get actually fascinating. Many of the innovative innovation in new applied sciences occurs on the startup stage and Visa may also help speed up these developments with its huge startup ecosystem.

There’s nonetheless loads of hype round Generative AI however at the least with this announcement what’s going on underneath the hood has super potential


Why Visa is investing in synthetic intelligence startups

The funds firm launched a $100 million fund for generative AI, creating a possible group of companions that may construct on the cardboard community’s international scale.


See Whos Attending the American Fintech Council Coverage Summit

Don’t miss a very powerful Fintech Coverage Summit of 2023. Audio system embody: Congressman French Hill, Congressman Mike Flood, Renauld Laplanche, Co-Founder & CEO, Improve, and plenty of extra.

Register At this time!


Brazil’s Itaú stirs fintech competitors in Chile with neobank providing

Itaú joins the digital banking frenzy with “Itu,” a digital banking initiative in Chile providing a digital account and a debit card.


Gal Krubiner, Co-Founder & CEO of Pagaya on utilizing AI to lend to extra customers at higher costs

The CEO and Co-Founding father of Pagaya, Gal Krubiner, discusses AI-powered lending fashions and the way it’s serving to customers and lenders…

Pay attention Now


Tendencies in digital lending for 2024: AI, automation, embedded finance and extra

Oct 10, 9am EDT

As we start to look to 2024, we will anticipate expertise to proceed to have a profound impression on client lending.

Register Now


Related Articles


Please enter your comment!
Please enter your name here

Latest Articles