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Visa is raising its bet on AI with a new $100 million investment…
Becoming the latest company that wants to cash in on the AI boom.
A few days ago…
Visa announced a new $100-million initiative to invest in companies focused on developing generative AI technologies and apps related to commerce and payments.
The investment will be curated by the company’s global corporate investment arm: Visa Ventures.
And it highlights just how promising AI is.
As its chief product and strategy officer said…
“While much of generative AI so far has been focused on tasks and content creation, this technology will soon not only reshape how we live and work, but it will also meaningfully change commerce in ways we need to understand.”
Frankly, the AI boom looks like a repeat of the Internet.
Back in 1996 lots of folks blew off the internet as another fad.
And a few others saw the massive opportunity that it was.
Over the next few years…
Internet made its way into our personal and professional lives.
As it did, there were lots of losers along the way.
Newspapers… classified ads… video rental stores… you name it.
But there were many winners too.
Search engines like Google… video streaming from Netflix… online shopping from Amazon… ridesharing from Uber and Lyft.
And with AI, we’re probably going to see a similar scenario play out.
That means that it will create tremendous opportunities from companies that embrace this new tech breakthrough – and evolve their business.
That’s why I’m placing big bets on the stocks that are fueling this tech revolution.
I’m talking about the AI stocks that are creating the software, the systems, and the models that will allow companies to embrace AI and integrate it in their business.
In my view, these are “must own” stocks if you want to cash in on the AI boom.
Yours in Wealth,
Ian Wyatt