Amazon adds $230 million in cloud credits to AI startups
The Latest Example of Cloud Providers Trying to Capture AI Clients From Nascent Stages
The credits will provide early-stage generative AI startups free access to computing power, a variety of AI models, and infrastructure, if they build their companies on AWS. Amazon says it already offers $1 billion in cloud credits every year to startups, with this new commitment focusing on supporting generative AI startups.
“They’ll be able to iterate very quickly and pivot very quickly as necessary. Then ultimately, when they hit on that home run, they’ll be able to double down and get to the scale with security, responsibility and consistency,” said Matt Wood, vice president of AI Products at AWS. Part of the credits will also support 80 early-stage companies globally through the AWS Generative AI Accelerator program, the company said. Each startup admitted to the accelerator could receive up to $1 million in AWS credits.
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