Artificial intelligence could beckon new innovation wave: MasterCard exec

Mastercard President of Operations and Technology Ed McLaughlin discusses the upcoming artificial intelligence conference at the White House and how his company is utilizing AI. "I don't think there's a company, an industry, a country which isn't interested in advancing artificial intelligence right now," he told Liz Claman during a FOX Business interview on Wednesday. MasterCard as well as Amazon, Facebook, Google and Intel are among the close to 40 companies expected to attend a White House meeting Thursday on artificial intelligence. Topics will include the impact of artificial intelligence on the job market. AI is set to have an impact on a variety of industries that include agriculture, automotive, healthcare and manufacturing. "This can be a true foundation for a whole new wave of innovation, a whole new wave of economic growth and development," McLaughlin said.