AWS unveils USD 230 mn commitment to support GenAI startups

Daily Current Affairs / AWS unveils USD 230 mn commitment to support GenAI startups

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Category : Business and economics Published on: June 15 2024

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Amazon Web Services (AWS) has committed $230 million towards supporting generative AI startups worldwide. This initiative aims to foster innovation in artificial intelligence by providing substantial resources and opportunities for 80 selected startups.
AWS plans to kick off a 10-week program starting October 1, focusing on accelerating the growth of 80 startups, including 20 from the Asia-Pacific and Japan region.
Participants will benefit from up to $1 million in AWS credits, along with access to skill-building sessions, mentorship, and networking avenues to propel their developments in generative AI.

AWS unveils USD 230 mn commitment to support GenAI startups