What’s up with Visa? Visa is one of the world’s biggest payment processors. It has launched a $100 million venture fund for generative AI startups. Even Big Tech companies like Alphabet and Microsoft have explored the AI space. It seems like Visa may be looking at how AI would meaningfully change commerce. Visa Ventures is said to be Visa’s corporate investment arm. It is said that the funding for these generative AI startups would happen through Visa Ventures.
And what’s new with DSG Consumer Partners? DSG Consumer Partners is a Southeast Asia-focused VC firm. It is said to have hit the final close of its fourth fund at about $114 million. Its fourth fund is said to have more than the second and third fund combined. This seems to come at a time, when fundraising may be seeing some challenges.
And what’s up with OpenAI’s ChatGPT? It seems like when OpenAI released ChatGPT to the public in late 2022, it may have revolutionized the advent of generative AI worldwide. One hitch with ChatGPT, however, is that it was constrained by a 2021 knowledge cutoff. No longer, though. Now, ChatGPT would be able to browse the Internet to give users current information, as well as links to sources. This upgrade would be rolled out to ChatGPT Plus and Enterprise users first. What could this mean for Google Search’s dominance?
And as of 4th October 2023, this is what’s going on. Now you know.
https://rizing.substack.com/p/visas-100-million-fund-dsg-consumer
