Visa Launches $100M Fund for Generative AI Startups
Visa considers itself a pioneer in AI usage in payments. Reports suggest that the company sees the funding initiative as a chance to maintain its leadership in using AI.
Visa considers itself a pioneer in AI usage in payments. Reports suggest that the company sees the funding initiative as a chance to maintain its leadership in using AI.
As JPMorgan’s CEO has stated, the company has already found more than 300 use cases for AI. The applied AI initiatives include virtual assistants, anomaly detection, news analytics, quantitative client intelligence, smart documents, intelligent pricing, and more.
The potential deal might put the company’s value anywhere from $5 billion to $6 billion.
Earlier this year, AlphaSense closed a Series D funding round with $100 million.
Enflame, a company that was founded in March 2018, has already made significant strides in AI chip manufacturing. The company’s cloud chips have found applications in diverse sectors, including education, smart cities, and scientific research.
Now, the chatbot can again produce results from the browser and provide internet links to the current-day world in order to back up its findings with internet sources.
All the updates introduced by Meta will help the company compete with OpenAI and its ChatGPT.
While the CIA is yet to reveal specific details about the model underpinning the soon-to-be-launched AI tool and its privacy safeguards, its director assured that the intelligence agency adheres closely to privacy laws in the United States.
The company is also projected to reach $1 billion in revenue over this year from the premium version of ChatGPT and from giving business access to its AI technology including GPT-3.
Last month, the AMPTP published a proposal containing guidelines for AI use. Among other things, the proposal sought to address actors’ and writers’ concerns about data transparency and the use of artificial intelligence.
The latest news and reporting on Artificial Intelligence (AI), including machine learning, neural networks, robots and more.