May 3, 2025

news   Read News
Visa AI Commerce, Meta AI Returns, Apple AI Demand, Galaxefi Foreign Trade, Nvidia AI Chip Policy

Recent developments in the tech industry have seen a significant push towards the integration of artificial intelligence (AI) into various sectors, including commerce, advertising, and finance. Visa has launched its AI-powered commerce platform, Visa Intelligent Commerce, which enables AI agents to browse, select, and purchase products on behalf of consumers. Other companies, such as Mastercard and PayPal, have also introduced similar initiatives, aiming to transform the retail experience and make it more convenient for consumers. Meanwhile, Meta has reported positive returns on its AI investments, with a focus on scaling and deepening engagement, while Apple has seen strong demand for products with AI capabilities. Additionally, companies like Galaxefi, Allvue Systems, and Anthropic are investing in AI solutions for foreign trade, data capabilities, and research, respectively. The use of AI is expected to continue growing, with potential applications in areas such as advertising, financial planning, and participant services. However, there are also concerns about the need for changes in AI chip policy and the importance of ensuring data security and privacy protections.

Key Takeaways

  • Visa has launched its AI-powered commerce platform, Visa Intelligent Commerce, to enable AI agents to browse and purchase products on behalf of consumers.
  • Mastercard and PayPal have introduced similar initiatives, aiming to transform the retail experience and make it more convenient for consumers.
  • Meta has reported positive returns on its AI investments, with a focus on scaling and deepening engagement.
  • Apple has seen strong demand for products with AI capabilities.
  • Galaxefi has introduced an AI-powered solution for foreign trade, aiming to digitalize and streamline cross-border trade processes.
  • Allvue Systems has invested in its data and AI capabilities, with a 70% year-over-year increase in R&D funding.
  • Anthropic has upgraded its AI assistant Claude, extending its research capabilities and integration options.
  • The use of AI is expected to continue growing, with potential applications in areas such as advertising, financial planning, and participant services.
  • Nvidia CEO Jensen Huang has called for a change in AI chip policy, advocating for the acceleration of American AI technology diffusion globally.
  • Companies must ensure that best-in-class data security and privacy protections are in place when using AI and automation.

Visa Launches AI Commerce Platform

Visa has announced the launch of its new AI-powered commerce platform, Visa Intelligent Commerce. The platform enables AI agents to browse, select, and purchase products on behalf of consumers. Visa is working with companies like Anthropic, Microsoft, and IBM to integrate payment capabilities into AI chatbots. The company aims to extend its infrastructure, standards, and capabilities to AI commerce, allowing consumers to enable AI agents to use Visa credentials at any accepting merchant location.

Visa Unveils AI Commerce Initiative

Visa has introduced Visa Intelligent Commerce, an initiative that opens its payments network to developers and engineers building AI commerce solutions. The company is working with AI platforms and brands to integrate payment capabilities into AI chatbots. Visa aims to provide a simple way for its partners to access its network, enabling AI agents to browse, select, and purchase products on behalf of consumers.

Visa, Mastercard, and PayPal Drive Agentic AI Commerce

Visa, Mastercard, and PayPal are investing in agentic AI commerce, which enables AI agents to complete transactions on behalf of consumers. Visa has introduced Visa Intelligent Commerce, while Mastercard has launched Agent Pay, and PayPal has announced the PayPal Agent Toolkit. These initiatives aim to transform the retail experience, making it more convenient and efficient for consumers.

This Week in AI: Visa, Mastercard, and PayPal Adopt Agentic Commerce

Visa, Mastercard, and PayPal have unveiled their agentic commerce programs, which enable AI agents to pay on behalf of consumers. Visa has introduced Visa Intelligent Commerce, Mastercard has launched Agent Pay, and PayPal has announced the PayPal Agent Toolkit. These initiatives aim to transform the payments landscape, allowing AI agents to complete transactions on behalf of consumers.

Meta Sees Positive Returns on AI Investments

Meta has reported positive returns on its AI investments, with a 4% surge in its stock price. The company's CEO, Mark Zuckerberg, has stated that AI has improved ad targeting and recommendation systems, leading to a 7% increase in time spent on Facebook and a 6% increase on Instagram. Meta plans to continue investing in AI, with a focus on scaling and deepening engagement.

Zuckerberg's Plan for Meta AI to Revolutionize Advertising

Mark Zuckerberg has revealed a plan for Meta AI to take over the advertising industry, producing creatives, analyzing target audiences, and measuring ad effectiveness. The plan aims to make advertising more personalized and efficient, with AI agents able to produce photos and videos, write copy, and publish ads to targeted audiences. Meta has been investing heavily in AI advertising products, with a focus on empowering businesses to create agentic experiences.

Galaxefi Introduces AI Solution for Foreign Trade

Galaxefi, a Pakistani technology company, has introduced an AI-powered solution for foreign trade, called AI Faceless Operations. The solution aims to digitalize and streamline cross-border trade processes, using a multilingual virtual assistant to manage trade operations and provide real-time cargo tracking. The company plans to expand its services to support Pakistani exporters, solo entrepreneurs, and service providers with global-level capabilities.

The Future of Participant Services: AI and Automation

Plan sponsors and plan advisers are exploring the use of AI and automation to provide personalized services to participants. AI can help create content, power chatbots, and execute tasks on behalf of participants. However, plan sponsors and advisers must ensure that best-in-class data security and privacy protections are in place. The use of AI and automation is expected to reduce friction and make financial planning and transactions easier for participants.

Apple Sees Strong Demand for AI Products

Apple CEO Tim Cook has stated that demand for products with AI is stronger than those without. The company has seen a stronger performance in markets where Apple Intelligence is available, with a focus on rolling out AI-powered features to more devices. Cook has emphasized the importance of AI in driving innovation and growth for the company.

Nvidia CEO Calls for AI Chip Policy Change

Nvidia CEO Jensen Huang has called for a change in AI chip policy, advocating for the acceleration of American AI technology diffusion globally. Huang believes that the current restrictions on AI chip exports could compromise the growth of the industry. The Trump administration is expected to reveal its new AI diffusion rule, which may ease restrictions on tech companies selling chips abroad.

Allvue Invests in Data and AI Capabilities

Allvue Systems has announced a significant investment in its data and AI capabilities, with a 70% year-over-year increase in R&D funding. The company has appointed new executives, including a Chief Data and Analytics Officer, to drive technological advancements and empower clients with enhanced data intelligence. Allvue aims to redefine industry standards through data-driven intelligence and provide innovative solutions for alternative investment managers.

University of Waterloo and BASF Partner on AI Research

The University of Waterloo and BASF have partnered on a three-year collaborative research agreement to advance AI applications. The partnership aims to develop advanced AI systems, drive operational excellence, and enhance customer value. The research will focus on novel root cause analysis, forecasting, and optimization methodologies, with the goal of empowering business users with tools for analyzing and optimizing complex structures.

Anthropic Upgrades Claude's AI Research Capabilities

Anthropic has upgraded its AI assistant Claude, extending its research capabilities to run for up to 45 minutes before delivering comprehensive reports. The company has also expanded Claude's integration options, allowing it to connect with popular third-party services. The upgraded research mode enables Claude to conduct deeper investigations across hundreds of internal and external sources, compiling reports with citations linking to original sources.

Sources

AI Commerce Visa Intelligent Commerce Agentic AI Commerce AI Payments AI Chatbots AI Advertising