Visa bets big on AI with a new $100 million fund! The global payment giant recently announced its generative AI initiative, aiming to invest in companies developing AI technologies and applications for commerce and payments. Visa Ventures, the company's global corporate investment arm, will curate the investments. Generative AI, which can produce various types of content like text, imagery, and audio, is expected to reshape commerce and the financial world. Visa has been a pioneer in AI use for payments since 1993 and has also shown interest in using cryptocurrency technology for payments.