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# TRAVEL NEWS

## Mastercard Launches AI Mentorship for Global Small Business Growth

### Saturday, January 13, 2024

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Mastercard has launched an AI tool to mentor small business owners globally, aiming to enhance growth and offer tailored, round-the-clock advice. This groundbreaking project, known as Mastercard Small Business AI, is designed to provide customized advice and support for small business owners around the world. This initiative recognizes the significant role that small businesses play in the global economy and aims to empower them with mentorship and guidance to ensure their success.

The Mastercard Small Business AI pilot program offers round-the-clock, tailored support for small business owners, addressing their distinct and diverse challenges. In a world full of data, small businesses need to adapt quickly, upgrade their skills, and meet evolving consumer demands. The AI tool is set to fill the gap for direct, efficient solutions by providing scalable mentorship for small business owners.

Mastercard has collaborated with Create Labs, a social enterprise promoting technology access in underserved communities, to minimize biases and meet the varied needs of entrepreneurs. Leveraging the latest in Generative AI, the tool offers an interactive experience based on advanced techniques and inclusive design.

The AI tool, developed in collaboration with Create Labs, will draw from MastercardÔÇÖs extensive resources and a global media coalition. Initial partners include Blavity Media Group, Group Black, Newsweek, and TelevisaUnivision, all contributing valuable business content. The tool is set for a U.S. pilot later this year, with plans for subsequent international expansion.

The focus of this collaborative effort is on inclusivity and creating a tool that addresses the needs of small- and medium-sized businesses, fostering a more equitable future. With Mastercard’s commitment to integrating small businesses into the financial mainstream, this latest AI tool is designed to empower entrepreneurs in the digital economy.

## How the AI legalese decoder Can Help

The AI legalese decoder can play a crucial role in this scenario by simplifying and decoding complex legal language often found in the documents and agreements relevant to small businesses. This tool can provide small business owners with a clear understanding of the legal aspects of their operations and transactions, enabling them to make informed decisions and navigate the legal landscape more effectively. By leveraging the AI legalese decoder, small business owners can access tailored legal advice and support, further enhancing their growth and success in the global market.

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