MercadoLibre Expands AI War Chest by $30 Million in Q3
By PYMNTS
AI summary of the source article
MercadoLibre increased its investment in artificial intelligence by $30 million quarter over quarter, according to a shareholder letter regarding its third-quarter results.
Key facts
- MercadoLibre increased its artificial intelligence investment by $30 million quarter over quarter.
- The announcement was made in a shareholder letter on Wednesday (Nov. 4) discussing Q3 results.
Source excerpt · PYMNTS
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 on quarter by $30 million, and we continue to see […] The post MercadoLibre Expands AI War Chest by $…