💳 Visa Investing $100M in Gen AI and Animate Anything Tool

Good Morning from the Promptbox Team!

When our main story is about Visa investing $100M in Gen AI you know it’s been a slow news day.

But that’s about to change.

SBF goes on trial this morning in what amounts to one of the largest financial fraud cases of the decade and because it involves crypto no one is quite sure what it will look like.

The one thing we can all agree on? It’s going to be a spectacle.

Welcome to Tuesday. Let's get it.

Kevin

Global payment leader, Visa, has unveiled a new $100 million initiative aimed at investing in generative AI technologies and their applications in commerce and payments.

Investment Details:

• Visa's new fund will support companies developing generative AI technologies that are pertinent to commerce and payments.
  

• The initiative will be managed by Visa Ventures, the firm's global corporate investment branch, which has a history of endorsing innovation in payments and commerce since 2007.
  

• Generative AI can craft diverse content, including text, images, audio, and synthetic data, with platforms like OpenAI’s ChatGPT and Google’s Bard illustrating its potential.

With a history in AI deployment for optimizing payments and risk management, this is a likely next step for Visa, hoping to stay at the forefront of payment innovations.

Beyond AI, the company has also expressed a strong inclination towards the incorporation of cryptocurrency in its payment methods, potentially providing both on and off-ramps in the coming cycle.

Check out the full story below.

The Question: Do you believe generative AI will revolutionize the way we perceive and handle commerce in the near future?

Drop us an email and let us know.

Big Story: How much to invest in PEPE to become a millionaire in the next bull market
(hint: it’s only $182,000)

• Class-action suit filed against Binance for harm to FTX before its collapse. Read More

  
  

• Friend Tech’s security comes under attack with $20M at risk. Read More
  
  

• Russian banker states SWIFT ‘needs to be killed’. Read More
  
  

• Grayscale moves to convert Ethereum Trust to Spot ETF amid surge in ETH Futures ETF launches. Read More
  
  

• Celsius successor to be seeded with $450 million in crypto if restart plan approved. Read More
  
  

• Kazakh crypto miners plead with President to cut energy prices. Read More
  
  

• Chainalysis lays off 15% of staff amid shift to AI. Read More
  
  
  
  

ANIMATE (670 votes)
ANYTHING - Animate 3D models with AI. Try it out

SALES (271 votes)
INTENTLY - Turn LinkedIn actions into sales opportunities. Check out for free

CREATE (205 votes)
WOIS - Generate authentic audiovisual content and connect to a global network of professionals. Watch Video

SEO (136 votes)
EMBED AI - Determine whether your website is searchable and rankable. Try for free

FORMS (373 votes)
FORMLESS - Provide your website so respondents can also ask questions back instead of just filling out forms. Watch the ad

Promptbox’s Top Trending AI Stories:

FUNDING
Unitary AI picks up $15M for its multimodal approach to video content moderation
A startup out of Cambridge, England, called Unitary AI believes it has landed on a better way to tackle the moderation challenge — by using a “multimodal” approach to help parse content in the most complex medium of all: video.

DEFENSE TECH
Venture capital is opening the gates for defense tech
Defense company Anduril was once described as “tech’s most controversial startup.” But that didn’t stop it from raising a massive $1.48 billion Series E round of funding last December. Its latest deal is the takeover of Blue Force Technologies, the design and engineering firm behind the “Fury” unmanned fighter jet.

SECURITY
The National Security Agency (NSA) will launch a new artificial intelligence security center to both protect U.S. AI systems and defend against external threats. 
The new security center launches as the U.S. government has increased its use of algorithms and AI systems in defense and intelligence and is seeking to safeguard systems from theft or sabotage. The NSA center will also be responsible for protecting the homeland from external AI-related threats

FIRED
ChatGPT provided better customer service than his staff so he fired them.
“It was [a] no-brainer for me to replace the entire team with a bot,” Shah said in an interview, “which is like 100 times smarter, who is instant, and who cost me like 100th of what I used to pay to the support team.”

REAL ESTATE
The real estate industry is turning to AI tools for a variety of new use cases ranging from identifying potential investments to forecasting how renovations may impact a property’s value.
There has been a particularly rapid uptake of AI tools by real estate industry firms, which are playing a "transformative role in refining numerous processes within the real estate journey."

Is This AI or Not? - The Conclusion
Collection of 2
265 Comments
Kevin’s note: This pairing has taken over Reddit. It’s a pretty funny rabbit hole to go down if you have literally nothing else to do
Take a look

Time Ticks For us All
Collection of 8
157 Comments
Wonder Woman, Supes and others
Take a look

If you have anything interesting to share, question to ask, or want to reach out, shoot us an email at [email protected]

Looking to sponsor?
We haven’t opened up sponsoring opportunities yet, but to get notifications, email [email protected]