🤖 Visa Ventures is betting big on generative AI, announcing a $100M initiative to invest in companies developing AI tech for commerce and payments. Generative AI, like OpenAI's ChatGPT, can produce human-like content, and Visa believes it will "meaningfully change commerce." Already a pioneer in AI for payments, Visa's recent efforts include VisaNet +AI, a suite of services aimed at improving daily settlement for financial institutions. The payment giant is also bullish on crypto, with plans for a product to drive mainstream adoption of blockchain networks and stablecoin payments.