Official AWS press release or financial report

AWS Announces $230 Million (£180m) Commitment for Generative AI Startups

Jun 13, 2024, 01:59 PM

Amazon Web Services (AWS) has announced a $230 million (£180m) commitment to support generative AI startups. The investment aims to accelerate the development of generative AI applications by providing AWS credits to startups around the world. This initiative is part of Amazon's broader strategy to boost innovation and growth in the field of artificial intelligence, with roughly $80 million allocated to fund Amazon’s efforts.