MercadoLibre Expands AI War Chest by $30 Million in Q3

T2Covered by 1 source · first reported by PYMNTS at 05 Nov, 03:03 UTC

E-commerce and FinTech company MercadoLibre increased its investment in artificial intelligence by $30 million quarter over quarter as it builds its work around AI, the company said in a Wednesday (Nov. 4) letter to shareholders about its third quarter results. “We increased the investment quarter…