Amazon Launches AI Startup Accelerator To Boost AI Startups

In order to help entrepreneurs in the field reach the growing market for generative artificial intelligence (AI), Amazon launches AI startup accelerator program. The Amazon Web Services (AWS) A global initiative called “Generative AI Accelerator” is aimed at 10 Generative AI firms that can show early momentum.

Selected firms will be given up to $300,000 in AWS credits to help them develop their AI solutions and services. Ten businesses will be chosen, according to the company, and submissions are currently open for the next two weeks.

According to Amazon, the ideal situation is to already have a minimum viable product (MVP) and to be aiming for seed-stage investment with an 18-month schedule.

We support cloud computing-related machine learning businesses with strong technical leadership. The business stated: “We want to support you if you have game-changing goals in the field of generative artificial intelligence”.

In order to demonstrate the development of its AI accelerator, the business has scheduled a physical kick-off event for the San Francisco Bay Area in the US on May 24 and 25, as well as a Demo day on July 26 and 27. You will pitch to the Generative AI community, including investors, the press, and consumers, after the 10-week program is over, according to Amazon, in an effort to increase awareness of your business.

Despite Google’s best efforts to disrupt the market with its AI service, Bard, Microsoft-owned OpenAI via ChatGPT and Bing Search powered by AI now dominate the market for generative artificial intelligence (AI).