Visa Inc. (V): Expansion Into Agentic Commerce Allows AI Purchases

Visa Inc. (NYSE:V) is one of the companies that are pertinent to the discussion about The Future of Artificial Intelligence: 10 Predictions for 10 Industries.

Earlier this year, Morningstar Chairman Joe Mansueto said during a university event in Chicago that financial models based on artificial intelligence were a long way from being able to compete with market research firms. Mansueto pointed to a recent study in which Vals AI, a startup he advises, examined the accuracy of financial analysis performed by more than 20 AI models. The results fell short of passing grades, he said. Per the billionaire, while the performance of these models would improve over time, AI’s current capabilities in finance were exaggerated, and had a long way to go. The rise of AI models that are getting better all the time meant analysts would have to keep running faster, Mansueto said. But he added that the humans also brought qualitative elements to their work that would continue to be important.

Visa Inc. (V): Expansion Into Agentic Commerce Allows AI Purchases

Despite these observations from one of their own, financial services firms like Visa Inc. (NYSE:V) have invested heavily into AI in recent years. Visa recently announced the continuation of its expansion into agentic commerce with enhancements to the Visa Intelligent Commerce platform, an artificial-intelligence-based payments solution that allows AI agents to shop and make purchases. Visa introduced the Intelligence Commerce platform in late April, providing developers with application programming interface resources for AI platforms and agents to interact with the company’s payment network.

While we acknowledge the potential of V to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than V and that has 100x upside potential, check out our report about this cheapest AI stock.

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Disclosure: None. This article is originally published at Insider Monkey.