Amazon says it'll spend $230 million on generative AI startups

Amazon says that it’ll commit up to $230 million to startups building generative AI-powered applications. The investment, roughly $80 million of which will fund Amazon’s second annual AWS Generative AI Accelerator program, aims to position AWS as an attractive cloud infrastructure choice for startups developing generative AI models to power their products, apps and services. Much of the new tranche — including the entire portion set aside for the accelerator program — comes in the form of compute credits f ...