Funds will help the next generation of startups
turbocharge development of new generative AI applications and bring
innovations to market faster
AWS Generative AI Accelerator program will add
another 80 early-stage startups from around the world that are
using generative AI to solve complex challenges
Amazon Web Services, Inc. (AWS), an Amazon.com, Inc. company
(NASDAQ: AMZN), today announced a $230 million commitment for
startups around the world to accelerate the creation of generative
AI applications. This will provide startups, especially early-stage
companies, with AWS credits, mentorship, and education to further
their use of artificial intelligence (AI) and machine learning (ML)
technologies. Part of the new commitment will fund the second
cohort of the AWS Generative AI Accelerator, a program that
provides hands-on expertise and up to $1 million in credits to each
of the top 80 early-stage startups that are using generative AI to
solve complex challenges. Applications for the AWS Generative AI
Accelerator open today and will be accepted until July 19. Startups
can apply here.
“For more than 18 years, AWS has helped more startups to build,
launch, and scale their business than any other cloud provider—it’s
no coincidence that 96% of all AI/ML unicorns run on AWS,” said
Matt Wood, vice president, Artificial Intelligence Products at AWS.
"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.”
Interested startups can learn more about how to access these
funds here. Startups can use AWS credits to access AWS compute,
storage, and database technologies, as well as AWS Trainium and AWS
Inferentia2, energy-efficient AI chips that offer high performance
at the lowest cost. These credits can also be used on Amazon
SageMaker, a fully managed service that helps companies build and
train their own FMs, as well as to access models and tools to
easily and securely build generative AI applications through Amazon
Bedrock.
AWS Generative AI Accelerator continues to launch successful
startups
The AWS Generative AI Accelerator identifies top early-stage
startups that are using generative AI to solve complex challenges
in areas such as financial services, healthcare and life sciences,
media and entertainment, business, and climate change, among
others. Participants will access sessions on ML performance
enhancement, stack optimization, and go-to-market strategies. The
10-week program will match participants with both business and
technical mentors based on industry vertical. Startups will receive
up to $1 million each in AWS credits to help them build, train,
test, and launch their generative AI solutions. They will also have
access to industry experts, technology, and technical sessions from
NVIDIA, the program’s presenting partner, and be invited to join
the NVIDIA Inception program, designed to nurture cutting-edge
startups.
AWS will announce selected startups for the second cohort on
September 10, and the program will kick off on October 1 with
in-person sessions at Amazon’s Seattle campus. All 80 participating
startups will be invited to attend and showcase their solutions to
potential investors, customers, partners, and AWS leaders in
December at re:Invent 2024 in Las Vegas.
“AWS has been instrumental in enabling us to scale our
generative AI platform to meet the rapidly growing demand from our
global user community. Their robust generative AI infrastructure
helped us reduce inferencing costs by 60% and accelerate our
language model inference speeds by up to 35%,” said Jachin Bhasme,
co-founder and COO of Leonardo.AI, a powerful suite of generative
AI tools for creators and one of the 21 startups to participate in
the first cohort of the program. “The accelerator was also an
incredible experience for us. The business and technical mentorship
we received and the connections we made played a crucial role in
shaping our product and strategy.”
“AWS has the right combination of technology, network of
partners, and potential customers in the life sciences space that
made it the best fit to support our vision of building the next
generation of AI models for drug discovery,” said Nima Alidoust,
Ph.D., CEO and co-founder of Vevo Therapeutics, an AI-driven
biotechnology startup building the world’s first platform to
generate high-resolution, single-cell in vivo data in living
organisms at scale. “Participating in the AWS Generative AI
Accelerator program provided us with valuable opportunities to tap
into this community and to leverage AWS's infrastructure and
expertise in scaling model training and development.”
To learn more about the opportunities for generative AI startups
choosing AWS, and the application process for the AWS Generative AI
Accelerator, visit startups.aws.
About Amazon Web Services
Since 2006, Amazon Web Services has been the world’s most
comprehensive and broadly adopted cloud. AWS has been continually
expanding its services to support virtually any workload, and it
now has more than 240 fully featured services for compute, storage,
databases, networking, analytics, machine learning and artificial
intelligence (AI), Internet of Things (IoT), mobile, security,
hybrid, media, and application development, deployment, and
management from 105 Availability Zones within 33 geographic
regions, with announced plans for 21 more Availability Zones and
seven more AWS Regions in Malaysia, Mexico, New Zealand, the
Kingdom of Saudi Arabia, Taiwan, Thailand, and the AWS European
Sovereign Cloud. Millions of customers—including the
fastest-growing startups, largest enterprises, and leading
government agencies—trust AWS to power their infrastructure, become
more agile, and lower costs. To learn more about AWS, visit
aws.amazon.com.
About Amazon
Amazon is guided by four principles: customer obsession rather
than competitor focus, passion for invention, commitment to
operational excellence, and long-term thinking. Amazon strives to
be Earth’s Most Customer-Centric Company, Earth’s Best Employer,
and Earth’s Safest Place to Work. Customer reviews, 1-Click
shopping, personalized recommendations, Prime, Fulfillment by
Amazon, AWS, Kindle Direct Publishing, Kindle, Career Choice, Fire
tablets, Fire TV, Amazon Echo, Alexa, Just Walk Out technology,
Amazon Studios, and The Climate Pledge are some of the things
pioneered by Amazon. For more information, visit amazon.com/about
and follow @AmazonNews.
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