With Google trying hard to disrupt the space with its AI service called Bard, the Generative AI market is currently led by Microsoft-owned OpenAI via ChatGPT and AI-powered Bing Search
To help startups working in the field, Amazon has entered the growing generative artificial intelligence (generative AI) market, by launching an AI accelerator.
The new Amazon Web Services (AWS) ‘Generative AI Accelerator’ is a global programme for 10 Generative AI startups that can demonstrate early-stage traction.
To help in building their AI services and solutions, the selected startups will get up to $300,000 in AWS credits. For the next two weeks, applications are open and 10 startups will be chosen, according to the company.
“Ideally, you’ll have a minimum viable product (MVP) already developed and your eyes set on seed-stage funding, with plans to raise in the next 18 months,” said Amazon.
“We welcome machine learning startups with technical leads who are leveraging cloud technologies, or who plan to. If you have game-changing ambitions in the Generative AI space, we want to support you,” the company informed.
To showcase the progress of its AI accelerator, the company has announced a kick-off event in-person in the San Francisco Bay Area in the US from May 24-25 and a Demo day on July 26-27.
“Upon completion of the 10-week programme, you’ll pitch to the Generative AI community — including investors, press and customers — to raise awareness for your company,” said Amazon.
With Google trying hard to disrupt the space with its AI service called Bard, the Generative AI market is currently led by Microsoft-owned OpenAI via ChatGPT and AI-powered Bing Search.
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