Azim Premji’s family office, through its investment arm Premji Invest, is reportedly channeling its resources into Artificial Intelligence ventures, aiming to deploy a staggering $10 billion fund. This ambitious move underscores a strategic pivot towards cutting-edge technologies in the investment portfolio.

With the rapid evolution of AI technologies reshaping industries worldwide, Premji Invest’s significant bet on AI ventures signals a firm belief in the transformative potential of these innovations. By earmarking such a substantial fund for AI initiatives, the family office aims to capture opportunities in this dynamic and rapidly expanding market.

Premji Invest’s commitment to AI ventures aligns with broader trends in the investment landscape, where tech-focused opportunities continue to attract significant capital inflows. As AI permeates diverse sectors, from healthcare and finance to manufacturing and retail, investors are increasingly recognizing its potential to drive growth, innovation, and efficiency.

The move also reflects Azim Premji’s longstanding commitment to driving societal impact through technology and innovation. With a track record of supporting initiatives that leverage technology for social good, Premji Invest’s investment in AI ventures underscores a broader vision to harness innovation for positive change.

Moreover, the sizable investment fund underscores Premji Invest’s confidence in the long-term viability and scalability of AI ventures. Despite the inherent risks and uncertainties associated with emerging technologies, the family office appears bullish on the prospects of AI-driven businesses to deliver significant returns over the coming years.

As Premji Invest positions itself at the forefront of AI investment, it joins a growing cohort of investors seeking to capitalize on the transformative potential of artificial intelligence. By allocating substantial resources to support AI ventures, the family office aims to not only generate financial returns but also to catalyze innovation and drive positive change in the global economy.

Source: livemint.com

FreshBooks, the cloud-based accounting software company, has announced an expansion of its partnership with Stripe, a leading online payment processing platform, to introduce a new embedded payments offering.

This collaboration aims to streamline the invoicing and payment process for FreshBooks users, providing them with an integrated solution for managing their finances. With this new embedded payments feature, FreshBooks users can now accept payments directly within their invoices, offering convenience and efficiency to both businesses and their clients.

By integrating Stripe’s secure payment processing capabilities directly into the FreshBooks platform, users can create invoices and receive payments seamlessly, reducing the need for manual payment reconciliation and providing a more streamlined experience.

The partnership builds upon FreshBooks’ commitment to empowering small businesses and freelancers with tools to manage their finances more effectively. By leveraging Stripe’s robust payment infrastructure, FreshBooks aims to enhance its offering and deliver added value to its users.

Through this expanded partnership, FreshBooks users can benefit from faster payment processing, improved cash flow management, and enhanced security for their transactions. Additionally, the integration of Stripe’s payments technology within FreshBooks’ platform reinforces the company’s dedication to providing innovative solutions that meet the evolving needs of small businesses in today’s digital economy.

With the new embedded payments offering, FreshBooks continues to position itself as a trusted partner for small businesses seeking to streamline their financial operations and drive growth. By leveraging the power of technology and strategic partnerships, FreshBooks aims to empower entrepreneurs and freelancers to focus on what they do best while simplifying their invoicing and payment processes.

Source: betakit.com