The commitment will fund the second cohort of the AWS Generative AI Accelerator program, which provides hands-on expertise and up to $1 million in credits to each of the top 80 early-stage startups that are using generative AI to tackle complex challenges. The program aims to assist startups in areas such as financial services, healthcare, media and entertainment, business, and climate change.
Startups can use these AWS credits to access various AWS technologies, including compute, storage, and database services, as well as AWS Trainium and AWS Inferentia2, which are energy-efficient AI chips offering high performance at a low cost. Additionally, credits can be utilized on Amazon SageMaker, a fully managed service that aids companies in building and training machine learning models, and Amazon Bedrock, which provides tools for building secure generative AI applications.
Applications for the AWS Generative AI Accelerator are open now and will be accepted until July 19 and startups can apply here. This is a great opportunity for startups specializing in AI to gain valuable resources and mentorship to scale their businesses and innovate within the AI space.
Amazon Web Services (AWS) has announced a significant commitment of $230 Million in AWS credits to support generative AI startups worldwide. This initiative is designed to accelerate the development of new generative AI applications.
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