Paytm shares climb 3% as firm plans to bet on AI technology

Shares of Paytm climbed 3% to Rs 861.6 in Tuesday’s trade on BSE after the fintech firm on Monday said that it is investing in AI to build an Artificial General Intelligence software stack.

In the annual report for FY23, the company’s CEO Vijay Shekar Sharma said Paytm pioneered mobile payments in India and led mass adoption with innovations like QR Codes and Soundbox.