Visa and Mastercard are launching similar AI commerce initiatives, collaborating with OpenAI, while Kamel cautions consumers about AI spending risks.
2 reports, 2 independent
Updated Jul 29
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New informationRepeats or wire copies
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What happened
Visa and Mastercard are launching similar AI commerce initiatives, collaborating with OpenAI, while Kamel cautions consumers about AI spending risks.
Who's involved
What this event is mainly aboutHow it developed
Newest first. Tap a step to see who reported it.OpenAI and Visa Inc. met to discuss AI development and economic policy.1 source
- Major companies including PayPal, Visa, Mastercard, and Microsoft are accelerating development in agentic AI commerce.Sub-event
- Visa appointed Jeremiah Dewey as global head of cyber products and launched a global advisory practice to empower clients.Sub-event
Visa and Mastercard are collaborating with OpenAI on AI commerce initiatives.1 source
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The entities involved
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OpenAI
American artificial intelligence research organization
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Visa Inc.
American multinational financial services corporation
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Mastercard
American multinational financial services corporation
Related events
- Microsoft is paying OpenAI for AI models and building its own MAI system, while Nvidia maintains high margins in the competitive AI hardware market.
- Both Anthropic and OpenAI are currently facing major AI safety risks.
- Mastercard's CTO addresses industry concerns regarding AI vulnerabilities and agent risks affecting the payments sector.
- OpenAI models are now available on Google Cloud, expanding the distribution of AI models across major cloud providers.
- Visa Inc. announced a partnership enabling AI agents to complete payments.
Coverage
Newest first; wire copies grouped- 41nbc.com
- GOBankingRatesGeorge Kamel: Visa Wants AI To Spend Your Money — 4 Reasons It’s Bad for Your Finances Artificial intelligence (AI) has infiltrated nearly every aspect of our lives, from our emails to the ads we see