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Exciting news in the world of generative AI! Amazon is committing up to $230 million to support startups developing AI-powered applications. This significant investment, which includes around $80 million for the second AWS Generative AI Accelerator program, is aimed at positioning AWS as the go-to cloud infrastructure for innovative AI startups. Notably, this year's Generative AI Accelerator cohort will benefit from expert guidance and technology from Nvidia, and they’ll be invited to join Nvidia's Inception program, offering connections to investors and additional resources. Last year, the program supported 21 startups with up to $300,000 each in AWS credits. This year’s expanded commitment underscores Amazon's dedication to driving AI innovation and supporting the next wave of AI-powered solutions. As Amazon ramps up its efforts in generative AI, including initiatives like the $100 million AWS Generative AI Innovation Center and Project Olympus, it aims to catch up with industry leaders in this competitive space. With these investments, there’s a lot to look forward to in the future of AI #GenerativeAI #AWS #Startups #Innovation #CloudComputing #Nvidia #AIAccelerator #TechNews

Exciting news from the tech world! Four innovative Australian startups - Contact Harald, Marqo, Relevance AI, and Splash - have been selected for the prestigious AWS Global Generative AI Accelerator program.🌟 These companies will receive support from Amazon Web Services to enhance their AI applications and contribute to the global AI landscape.🔍💡 Learn more about how they are set to revolutionize the industry: https://buff.ly/3TwdNA7 AWS Startups 📩📩📩📩📩 Stay updated! Join our free daily newsletter for more tech news & insights: https://buff.ly/3QlzuB6 📩📩📩📩📩 #AI #Startups #AWS #TechInnovation #GenerativeAIaccelerator

Exciting news for generative AI startups! Amazon Web Services (AWS) has pledged a significant investment to accelerate the development of this groundbreaking technology. Here's a breakdown of the initiative: - $230 million commitment: This program will provide crucial resources like AWS credits, mentorship, and education to early-stage startups working on generative AI solutions. - AWS Generative AI Accelerator: This program selects top startups and equips them with hands-on expertise and up to $1 million in credits to tackle complex challenges across various sectors. - Focus on Impact: The program prioritizes startups using generative AI to solve problems in financial services,healthcare, media, and climate change, among others. Benefits for Startups: - Access to powerful AWS resources like compute, storage, and AI chips to build and train their models. - Support from industry experts and technology partners like NVIDIA. Mentorship and guidance from experienced professionals. - A platform to showcase their work at AWS re:Invent 2024. - Generative AI has the potential to revolutionize various industries. Is your startup part of the solution?Applications for the second cohort of the AWS - Generative AI Accelerator are open! Learn more: https://lnkd.in/dFmymigq #GenerativeAI #AI #AWS #Startups #Innovation #FutureofTech

✨ Today In Tech #038 - June 14th 2024✨ 💡Topics💡 1️⃣ AI => Amazon Commits Up to $230 Million to Support Generative AI Startups 2️⃣ Company => Tesla Shareholders Sue Elon Musk Over Alleged Diversion of Resources to Competing AI Startup xAI 3️⃣ Company & AI => Picsart Partners with Getty Images to Develop Custom AI Imagery Model for Its 150 Million Users 1️⃣ AI => Amazon Commits Up to $230 Million to Support Generative AI Startups 🛈 Source : https://lnkd.in/gijcmxBV Amazon has committed up to $230 million to startups building generative AI-powered applications, with $80 million of the investment going towards Amazon's second AWS Generative AI Accelerator program. The investment aims to position AWS as an attractive cloud infrastructure choice for startups developing generative AI models to power their products, apps, and services. Much of the new tranche comes in the form of compute credits for AWS infrastructure, meaning it cannot be transferred to other cloud service providers like Google Cloud and Microsoft Azure. Amazon is also pledging that startups in this year's Generative AI Accelerator cohort will gain access to experts and tech from Nvidia, the program's presenting partner, and will be invited to join the Nvidia Inception program, which provides companies opportunities to connect with potential investors and additional consulting resources. Last year's cohort received only up to $300,000 in AWS compute credits, amounting to around a combined $6.3 million investment. Amazon's growing spending on generative AI tech, including efforts like its $100 million AWS Generative AI Innovation Center, free credits for startups using major AI models, and its Project Olympus model, comes as the company looks to catch up to tech giant rivals in the blooming and increasingly competitive generative AI space.

📢 Amazon is making waves with a $230M investment in generative AI startups. This move, including $80M for the AWS Generative AI Accelerator program, showcases their commitment to fostering innovation in AI-powered applications. This development aligns with the recent buzz around Apple's announcement of Apple Intelligence, marking a significant stride in AI evolution. In the midst of this tech revolution, Alison Ai is also pushing boundaries in the generative AI landscape with our creative optimization and production capabilities. It's clear that the race to advance generative AI is heating up! Exciting times ahead! 🌟🤖 Read the full TechCrunch article: https://lnkd.in/erf_jJ8n #AmazonAI #GenerativeAI #AWS #AppleIntelligence #AlisonAI #TechNews #Innovation #AIstartups

🚀 #GenAI #Startups #ExcitingNews #GenAI360Express🚀 #Amazon Web Services (#AWS) has announced a $230 million commitment to fuel the next generation of #generativeAI #startups worldwide. https://lnkd.in/d4xKAnc7 💰 This initiative includes #AWS credits, mentorship, and education to support early-stage startups in developing innovative generative AI applications across various industries. 🌟The AWS Generative AI Accelerator program will onboard 80 additional international startups leveraging generative AI to solve complex challenges. These startups will receive hands-on expertise and up to $1 million in AWS credits each. 💻 Applications for the AWS Generative AI Accelerator are open until July 19, 2024. 📥 Matt Wood, VP of Artificial Intelligence Products at AWS, stated, "With this new effort, we will help startups launch and scale world-class businesses, providing the building blocks they need to unleash new AI applications that will impact all facets of how the world learns, connects, and does business." 💯 This commitment from AWS will accelerate the development of groundbreaking generative AI applications and bring innovations to market faster. 🚀 Startups can leverage AWS credits to access compute, storage, database technologies, AWS Trainium, AWS Inferentia2, Amazon SageMaker, and Amazon Bedrock for building generative AI solutions. 🔥 Join the revolution and apply now to be part of this elite international cohort of innovators shaping the future of generative AI. 🌍✨

Since day one, AWS has empowered startups to bring their innovative ideas to life by democratizing access to the technology used by some of the world's largest enterprises, including Amazon. Each year since 2020, we've provided nearly $1 billion in AWS Promotional Credits to startups. It's no surprise that 80% of the world's unicorns run on AWS. I've had the privilege of witnessing the growth of companies like Netflix, Wiz, and Airtasker during my time at AWS. I'm excited about the rapid adoption of generative AI by startups and how it's spawning a new generation of companies. A staggering 96% of AI/ML unicorns run on AWS. Today, we announced a $230 million commitment to accelerate generative AI startups globally. Alongside this investment, we're launching the second-annual AWS Generative AI Accelerator in partnership with NVIDIA, expanding to support 80 startups worldwide. Selected participants will receive up to $1 million in AWS Promotional Credits and access to technical mentorship, go-to-market support, and a network of experts from AWS, NVIDIA, Meta, and more. The future of generative AI is here, and AWS is thrilled to support startups in harnessing this transformative technology. Apply now and join the revolution! #AWS #Startups #GenerativeAI #Innovation https://lnkd.in/ddVyZxEi Swami Sivasubramanian Amazon Web Services (AWS)

Today Microsoft announced an expansion to free access to best-in-class Azure AI infrastructure for early-stage startups! This brings more startups access to the high-end GPUs they need to build quickly, in addition to free credits to Azure AI. In November, Microsoft for Startups had announced the availability of Azure AI infrastructure for high-end GPU virtual machine clusters for use in training and running large language models and other deep learning models, with access to Y Combinator and M12 startups. This is an extension of that offer to additional organizations that align with our vision for advancing AI innovation to early-stage startups.  #AzureAI #AI #startups #India #foundershub #microsoftforstartups Sangeeta Bavi Lathika Pai Irina Ghose Puneet Chandok Dhanniya Venkatasalapathy Dahnesh Dilkhush Mithun Sundar Rekha Talluri Neha Mittal Nabyendu Mandal Shanoop Krishnan Kapil Chawla Kapil S. Learn more here:

Amazon is committing up to $230 million to generative AI startups 💸 The investment, roughly $80 million of which will fund Amazon’s second AWS Generative AI Accelerator program, aims to position AWS as an attractive cloud infrastructure choice for startups developing generative AI models to power their products, apps and services. Amazon is also pledging that startups in this year’s Generative AI Accelerator cohort will gain access to experts and tech from Nvidia and will be invited to join the Nvidia Inception program. Read more from Kyle Wiggers: https://tcrn.ch/3Xgnl4S #TechCrunch #technews #amazon #aws #ai #startups

AI is advancing rapidly—don't get left behind. AWS is here to elevate your startup! AWS has launched a groundbreaking initiative, committing $230M to generative AI startups. This isn't just about funding; it's about accelerating your journey from concept to market with up to $1M in AWS credits per startup. Gain access to AWS's extensive services, expert mentorship, and a global network of tech leaders. This is your chance to be at the forefront of AI innovation and transform your ideas into reality. Don't miss out, apply to the AWS Generative AI Accelerator by July 19. #AIInnovation #TechStartups #AWS