Amazon Internet Companies (AWS) has unveiled a US$230 million dedication to help generative AI startups globally.
This initiative goals to speed up the event and market entry of latest generative AI purposes, offering early-stage startups with AWS credit, mentorship, and academic assets to reinforce their use of AI and machine studying applied sciences.
The brand new funding will help the second cohort of the AWS Generative AI Accelerator, providing as much as US$1 million in AWS credit to every of the 80 chosen startups utilizing generative AI to handle complicated challenges. Purposes for the programme are open till 19 July.
Startups can utilise AWS credit to entry numerous AWS applied sciences, together with compute, storage, and database companies, in addition to AI chips like AWS Trainium and AWS Inferentia2.
These credit will also be used with Amazon SageMaker, a service for constructing and coaching AI fashions, and Amazon Bedrock, which gives instruments for creating generative AI purposes.
The AWS Generative AI Accelerator focuses on figuring out prime early-stage startups engaged on options in sectors similar to monetary companies, healthcare, media, enterprise, and local weather change.
The ten-week programme consists of classes on machine studying efficiency, stack optimisation, and go-to-market methods.
Individuals will obtain mentorship from each enterprise and technical specialists and will likely be eligible for as much as US$1 million in AWS credit.
They will even have entry to business insights from NVIDIA and be invited to affix the NVIDIA Inception programme.
Chosen startups for the second cohort will likely be introduced on 10 September, with the programme starting on 1 October at Amazon’s Seattle campus.
In December, contributors could have the chance to current their options at re:Invent 2024 in Las Vegas.
Matt Wooden
“For greater than 18 years, AWS has helped extra startups to construct, launch, and scale their enterprise than some other cloud supplier—it’s no coincidence that 96% of all AI/ML unicorns run on AWS.
With this new effort, we’ll assist startups launch and scale world-class companies, offering the constructing blocks they should unleash new AI purposes that may influence all aspects of how the world learns, connects, and does enterprise.”
stated Matt Wooden, Vice President, Synthetic Intelligence Merchandise at AWS.
Featured picture supply: AWS
