AI business transformation is here. Now we need coherent AI governance
Given AI's widespread adoption, efforts to regulate the technology should be globally coordinated to facilitate its future development and better business outcomes.
Visa is a global payment technology company that connects consumers, businesses, financial institutions and governments in more than 200 countries to fast, secure and reliable electronic payments. VisaNet, one of the world's most advanced processing networks, is capable of handling more than 65,000 transaction messages a second, with fraud protection for consumers and assured payment for merchants. Visa's innovations enable its financial institution customers to offer consumers more choices: pay now with debit, pay ahead of time with prepaid or pay later with credit products.
Given AI's widespread adoption, efforts to regulate the technology should be globally coordinated to facilitate its future development and better business outcomes.
Inclusive growth needs open and global networks. Maintaining and deepening these networks could deliver $3.7 trillion in growth for developing countries by 2025.
The free flow of data is a global-scale economic boon, but people globally want more control and better visibility of how their data is used and stored.