- Visa utilizes 500+ applications powered by generative AI - The company intends to capitalize on the benefits of the technology - Visa is restructuring its international business - The company will lay off 1.4k people, of which 1k will be IT roles - Visa assures that it is not trying to replace people with AI. - AI should improve productivity, safety, etc. - For example, an AI tool helps find errors in code - Visa has invested $3.3 billion in AI and infrastructure over 10 years - Visa may create “digital employees” in the future - A typical employee will be able to supervise 8-10 digital employees