AWS Selects 80 Global Startups for $230M Generative AI Accelerator Program

September 13, 2024
AWS Selects 80 Global Startups for $230M Generative AI Accelerator Program
  • Other participants include AI Hay from Vietnam, Akari Inc. from Japan, and Kompato AI from Singapore, each focusing on unique AI applications across various sectors.

  • The 10-week program will commence on September 30 at Amazon HQ in Seattle and will culminate in a showcase at AWS re:Invent in Las Vegas in December.

  • AWS expanded the cohort size from 20 to 80 participants to ensure diverse representation from every global region, reflecting the rapid growth of generative AI.

  • Jon Jones, Vice President of Go-to-Market at AWS, emphasized the potential for these startups to drive significant innovations in an increasingly AI-driven world.

  • The selected companies span diverse industries such as software, financial services, healthcare, and media, representing regions from North America to Asia Pacific.

  • Amazon Web Services (AWS) has announced the selection of 80 startups for its Generative AI Accelerator program, part of a significant $230 million commitment to foster global generative AI development.

  • These startups were chosen from over 4,700 applications across 129 countries, reflecting a highly competitive selection process with an acceptance rate of less than 2%.

  • The program's competitiveness is underscored by its rigorous selection criteria, which highlights the innovative potential of the chosen startups.

  • Each selected startup will receive up to $1 million in AWS credits, mentorship, and go-to-market support, along with educational resources to enhance their AI and machine learning capabilities.

  • Participants will also gain access to AWS's advanced technologies, including compute, storage, and database solutions, as well as energy-efficient AI chips like AWS Trainium and AWS Inferentia2.

  • AWS is committed to providing a secure, data-first infrastructure tailored to meet the unique needs of startups engaged in generative AI.

  • Notable startups include 42X from Chile, which develops AI-powered digital apps for workflow automation, and AA-I Technologies from Israel, known for creating AI systems that solve complex scientific problems.

Summary based on 3 sources


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