Amazon Web Services Announces $230M Commitment For Generative AI Startups
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Amazon Web Services (AWS), a subsidiary of Amazon.com, Inc. (NASDAQ:AMZN), has announced a $230 million commitment to support generative AI startups. This initiative includes AWS credits, mentorship, and education, and will fund the second cohort of the AWS Generative AI Accelerator program, which supports early-stage startups using AI to solve complex challenges.
June 13, 2024 | 12:07 pm
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Amazon Web Services (AWS) has announced a $230 million commitment to support generative AI startups, which could enhance AWS's market position in AI and cloud services.
The $230 million commitment by AWS to support generative AI startups is likely to strengthen Amazon's position in the AI and cloud services market. This initiative will attract innovative startups to AWS's ecosystem, potentially leading to increased usage of AWS services and higher revenues.
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