Global Generative AI Award’s Post

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

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

🚀 #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. 🌍✨

Amazon Web Services (AWS) has announced a commitment of $230 million to accelerate the creation of generative AI applications by startups around the world. We are expanding our AWS Generative AI Accelerator program to include 80 new early-stage startups, each of whom will receive up to $1M in AWS promotional credits to develop and scale their innovative AI solutions. The program also provides go-to-market support as well as business and technical mentorship. Read this blog to learn more, and apply to the AWS Generative AI Accelerator program today. #aws #awscloud #genai #generativeai #innovation #accelerator #awscredits #mentorship #startup

Amazon Web Services (AWS) is committing $230MM to support generative AI startups by providing them with AWS credits, mentorship, and education, and expanding the AWS Generative AI Accelerator to +80 startups globally with >$1MM in credits for top companies. Our research report from earlier this year found that barriers such as education, skills gaps, and financial burdens are preventing businesses from fully using AI, wasting the real benefits that could be provided to industries, economies, and societies. With this commitment, it is great to see that we are playing our part in helping startups build, launch, and scale groundbreaking AI solutions. ⚡ #GenerativeAI #StartUps #Growth

Amazon Web Services (AWS) (Amazon) Announces $230 Million Commitment for Generative AI Startups https://lnkd.in/gnrmhS5U Amazon Web Services (AWS) has committed $230 million to support the development of generative AI applications by startups globally. This initiative will provide early-stage companies with AWS credits, mentorship, and education to enhance their AI and machine learning technologies. The commitment will fund the second cohort of the AWS Generative AI Accelerator, selecting 80 startups to receive up to $1 million each in AWS credits. These startups will benefit from AWS’s advanced infrastructure, including AWS Trainium and Inferentia2 chips, Amazon SageMaker, and Amazon Bedrock. The program, which includes sessions on ML performance, stack optimization, and go-to-market strategies, will also feature support from NVIDIA. The selected startups will participate in a 10-week program, culminating in a showcase at re:Invent 2024. Previous participants have seen significant improvements in cost efficiency and performance, highlighting AWS's role in scaling AI solutions. #Amazon #AWS #GenerativeAI #GenAI #Startup #AI #ArtificialIntelligence

Excited to announce #AWS doubling down on supporting the next wave of #GenAI startups! I will have the privilege of once again kicking off the GenAI Startup Accelerator with opening remarks, personally leading mentorship sessions, and am looking forward to accelerating these #founders on their journey to solve the world's biggest challenges. 96% of all AI/ML Unicorns are AWS Customers. 90% of companies in Forbes AI 50 run on AWS. More than 80% of Unicorns run on AWS. This GenAI accelerator is an important part of our $230 million commitment to accelerate the creation of Generative AI #Startups worldwide. We are back this year 4x bigger and will support 80 startups globally with up to $1 million in AWS credits each. It’s great to see AWS Startups and NVIDIA team up to democratize access to these transformative technologies shaping global industry. Let's go! 🚀 🚀 🚀 https://lnkd.in/dmDgd2Jv Kellen O'Connor Brennan Demro Sherry Karamdashti Jason Guesman Kathryn Van Nuys Matthew Thomson Heidi Levesque Andy Bartlett Swami Sivasubramanian Baskar Sridharan Matt Wood Deepak Singh Dilip Kumar

✨ 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 committed to Invest $230 million in generative AI startups #Amazon has announced a significant commitment of up to $230 million to support startups developing generative AI-powered applications. This move aims to bolster Amazon Web Services (AWS) as a leading cloud infrastructure choice for AI-driven innovation. Amazon is directing approximately $80 million of this investment towards the second AWS Generative AI Accelerator program. This program will provide startups with #AWS compute credits, access to experts, and technology from Nvidia, the program’s presenting partner. Participants will also join the NVIDIA Inception program, which offers connections to potential investors and additional consulting resources. The program is overseen by Matt Wood, VP of AI products at AWS. Amazon's collaboration with Nvidia highlights the strategic partnerships and support available to startups in the cohort. The Generative AI Accelerator program focuses on startups that are building generative AI models to enhance their products, apps, and services. This initiative is part of Amazon’s broader strategy to catch up with tech giants like Google and Microsoft in the competitive generative AI space. The article on TechCrunch in the first comment. Want to stay up to date with the market? Here my newsletter: - Linkedin: https://t.ly/s541W   - Substack: https://lnkd.in/dzfGJzmW

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