The content on this blog was created with an AI-assisted editorial process and is for informational purposes only. Inaccuracies are possible. Please verify important information
Amazon invests $230 million in generative AI start-ups
Amazon Web Services (AWS) announced an investment of $230 million in generative AI start-ups. This will help the next generation of companies develop new solutions and enter the market faster.
Investment in generative AI
AWS, a subsidiary of Amazon.com, Inc., announced that it will support start-ups worldwide to speed up the creation of generative AI applications. This will provide AWS credits, guidance, and training to support the use of artificial intelligence (AI) and machine learning (ML) technologies.
AWS Generative AI Accelerator
Part of the new commitment will fund the second round of AWS Generative AI Accelerator, a program that provides up to $1 million in credits for each of the top 80 early-stage start-ups that use generative AI to solve complex challenges. The program offers hands-on expert advice and access to leading technologies such as Amazon SageMaker, AWS Trainium, and AWS Inferentia2.
Benefits for start-ups
Start-ups can use AWS credits to access AWS computing, storage, and core technologies. This also includes Amazon Bedrock, which makes it easier and safer to build generative AI applications. Participants will have the opportunity to receive expert sessions from NVIDIA and join the NVIDIA Inception program, which supports innovative start-ups.
Successes from the first round
The first round of AWS Generative AI Accelerator has already shown strong results. One example is Leonardo.AI, which cut inference costs by 60% and increased the inference speed of language models by up to 35%. The program also provided important business and technical guidance that shaped the company’s product and strategy.
What to expect next
AWS will announce the selected start-ups for the second round on 10 September, and the program will begin on 1 October with in-person sessions at Amazon’s campus in Seattle. All 80 participating companies will be invited to present their solutions to potential investors, customers, and partners in December at re:Invent 2024 in Las Vegas.
Conclusion
AWS continues to support innovation in artificial intelligence through its Generative AI Accelerator program. This $230 million investment is another example of Amazon’s commitment to support start-ups and speed up technological progress.
Learn more about AWS Generative AI Accelerator and everything Amazon › announced
For more news and information on technological innovation, keep an eye out for new articles on our blog AI Tech news and share with friends. Follow us on Facebook here and on Instagram here.
AI Tech news: Blog about SEO-GEO optimization and Shopify information
What happens to SEO during the migration of an online store to Shopify? See how URL addresses, content, products, redirects, and conversions are preserved so the store doesn’t have to start from scratch.
How to prepare a Shopify store for international sales with clear languages, currencies, collections, migration, checkout, and a better structure for different markets.
Who can optimize a website for the new Google search? See how an SEO expert, a GEO approach, technical structure, and clear answers help websites and online stores become easier to understand for Google, AI search engines, and real customers.
AI Search is changing the way people find websites, services, and online stores. See how SEO Optimization, AI SEO, and GEO help the brand sound clearer to Google, ChatGPT, and real customers.
How AI search is changing SEO Optimization for online stores, why GEO, AEO, Shopify structure, and human content already affect visibility, trust, and sales.
When does it make sense to redesign a Shopify store? Find out when a new theme, better structure, and a CRO approach can help sales.
Request
Exclusive services
SEOexpert.bg will contact you within 1–2 business days. Multilingual AI SEO, GEO, and Shopify services with an option for email business communication in English.
Premium
AI SEO and Shopify agency
Official Shopify partner: Building online stores in Shopify, multilingual support for local and global sales. We work on migrations to Shopify from WordPress/WooCommerce, OpenCart, Magento, custom solutions, and other e-commerce platforms. Integration, setup, and training of an AI chatbot for a Shopify store.
AI SEO services: SEO optimization of a website for visibility in ChatGPT, Google, Perplexity, Gemini, Grok(xAI), and other generative AI search engines - multilingual generative engine optimization (GEO). AI automations and premium digital services from SEOexpert.bg