Visa and Mastercard’s billions of dollars in AI investments will likely set the pace for other payment firms, with use cases in charge-back prevention, credit risk and fraud prevention, as well as hyper-personalized client services.
China’s AI companies remain on track to further narrow the performance gap with their US peers as earlier concerns about their dwindling access to imported, leading-edge accelerator chips appear largely unfounded.
Big tech companies could collectively amp up capital spending to about $200 billion in 2025, representing a two-year gain that’s triple the 2020-23 average as generative-AI demand spurs outlays on data centers and new products, Bloomberg Intelligence analysis...
