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Amazon Commits $230 Million in AWS Credits to Generative AI Startups, $80 Million for Accelerator

Jun 13, 2024, 03:46 PM

Amazon has announced a $230 million investment in generative AI startups through AWS credits. This initiative aims to support early-stage startups around the world by providing free access to computing power and resources to develop AI-powered applications. The investment, equivalent to £180 million, includes $80 million allocated specifically for the AWS Generative AI Accelerator program, which offers resources and training to help startups innovate and scale. This move is part of Amazon's broader strategy to position AWS as a leading cloud infrastructure provider for AI development.