AWS will allocate $230 million to AI startups

AWS will allocate $230 million to startups in the field of generative artificial intelligence. These funds will help accelerate the development of new generative AI applications and bring innovations to market faster.

The AWS Generative AI Accelerator program will add another 80 early-stage startups from around the world and provide credits of up to $1 million each. Applications for the AWS Generative AI Accelerator will be accepted until July 19. Startups can apply here.

The AWS Generative AI Accelerator identifies the best early-stage startups that use generative AI to solve complex challenges in areas such as financial services, healthcare and biosciences, media and entertainment, business, climate change, and others. Participants will gain access to sessions focused on improving machine learning productivity, optimizing the tech stack, and go-to-market strategies. The 10-week program will provide participants with business mentors and technical mentors depending on the industry vertical. They will also gain access to industry experts, technologies, and technical sessions from NVIDIA.

Source: press.aboutamazon.com