Amazon Web Services (AWS) announced a $230 million investment to support early-stage startups around the world working to develop innovative generative AI applications. The investment includes AWS credits, mentorship, and education to enhance startups’ use of AI and machine learning technologies.
The AWS Generative AI Accelerator program will welcome an additional 80 international startups using generative AI to address complex challenges, providing them with hands-on expertise and up to $1 million in credits each.
You can also use your AWS credits to access AWS compute, storage, and database technologies, as well as AWS Tranium and AWS Inferentia2, energy-efficient AI chips that deliver superior performance at minimal cost.
96% of AI/ML unicorns run on AWS
“For more than 18 years, AWS has helped more startups build, launch, and scale their businesses than any other cloud provider, and it’s no coincidence that 96% of AI/ML unicorns run on AWS,” said Matt Wood, vice president of artificial intelligence products at AWS. “With this new initiative, we’re empowering startups to launch and scale world-class businesses, providing them with the building blocks they need to unleash new AI applications that impact every aspect of how the world learns, connects, and does business.”
Mentorship
Startups participating in the program will have access to sessions on ML performance enhancements, stack optimization, and go-to-market strategies, as well as access to industry experts, technologies, and technical sessions from NVIDIA, the program’s presenting partner.
Timeline
application: Until July 19th
interval: 10 weeks
Program StartOctober 1st at Amazon’s Seattle campus.
2nd batch student announcement: September 10th.
ShowcaseAll participating startups will present their solutions to potential investors, customers, partners, and AWS leaders at re:Invent 2024 in Las Vegas in December.
