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Amazon Web Services commits $50M for generative AI initiative to help public sector organisations

YourStory

YourStory · 1y ago

Amazon Web Services commits $50M for generative AI initiative to help public sector organisations

Amazon Web Services (AWS) is launching the 'AWS Public Sector Generative Artificial Intelligence Impact Initiative' with a $50 million investment to support public sector organizations. The initiative aims to accelerate innovation using AWS GenAI services and infrastructure. AWS will provide promotional credits, training, technical expertise, and resources to support GenAI projects over a two-year period. This initiative builds on AWS's commitment to supporting GenAI startups and their global accelerator program. The goal is to help public sector organizations address challenges and unlock the potential of GenAI and other cloud-based technologies to positively impact society.

Related News

AWS makes Amazon Bedrock available for developers in India

Economic Times

Economic Times · 1y ago

AWS makes Amazon Bedrock available for developers in India

Amazon Web Services (AWS) has launched its first generative artificial intelligence (GenAI)-powered service, Amazon Bedrock, in Mumbai. The service will allow software developers to build and scale applications in India, supporting customers in public sector organisations and regulated industries. The launch of Amazon Bedrock in the AWS Asia Pacific (Mumbai) Region aims to help customers innovate with generative AI and offer more choices for running and storing generative AI applications. AWS has piloted the service with several Indian organisations, including Healthify, L&T Technology Services, and Max Life Insurance.

Amazon Web Services to provide cloud computing services to public sector banks

Economic Times

Economic Times · 9m ago

Amazon Web Services to provide cloud computing services to public sector banks

Amazon Web Services (AWS) India has been chosen to provide cloud computing services to the Public Sector Bank Alliance (PSBA) in India. PSBA is a collaboration of 12 public sector banks and serves as a nodal body for their technology-enabled banking services. AWS will offer its comprehensive cloud services through PSBA's Community Cloud Services, simplifying the procurement process for public sector banks. AWS has also been adopted by the National Health Authority (NHA) and Government e-Marketplace (GeM) in India for scaling digital operations. These partnerships showcase India's commitment to becoming a digital nation.

Chiratae Ventures Rolls Out 3rd Cohort Of Its Seed Investment Programme

Inc42 · 11m ago

Chiratae Ventures Rolls Out 3rd Cohort Of Its Seed Investment Programme

Applications for the 2024 edition of Chiratae Sonic are now open. The initiative aims to support early-stage startups in sectors such as deep tech, generative AI, climate tech, and manufacturing tech. These startups have the opportunity to raise up to $2 million in funding. Selected startups will receive exclusive partner benefits, including cloud credits from Amazon Web Services and Google Cloud, as well as business mentorship and technical support for scaling their businesses.

Inside Amazon’s AI cloud strategy

Livemint

Livemint · 8m ago

Inside Amazon’s AI cloud strategy

Matt Garman, CEO of Amazon Web Services (AWS), discusses the challenges of harnessing the potential of artificial intelligence (AI) for customers. He acknowledges the competitive spending in the AI sector but believes it will lead to tangible results. Garman also addresses the slow adoption of generative AI at Amazon, highlighting the company's focus on building a secure platform that allows customers to build their own unique models and applications. He further talks about the challenge of meeting the energy demands of AWS and emphasizes the value of in-person collaboration in the workplace.

Amazon adds $230 million in cloud credits to AI startups

Economic Times

Economic Times · 1y ago

Amazon adds $230 million in cloud credits to AI startups

Amazon will invest $230 million in the form of Amazon Web Service (AWS) credits to support artificial intelligence (AI) startups. This move aims to attract early-stage generative AI companies to build their businesses on AWS by providing them with free computing power, various AI models, and infrastructure. Additionally, part of the investment will be used to support 80 early-stage companies globally through the AWS Generative AI Accelerator program. Cloud providers, including Amazon, are offering credits to entice enterprises to use their services, as AI demand continues to drive the growth of cloud providers.

AWS and Accel join forces to launch accelerator program for Generative AI start-ups

Business Today

Business Today · 1y ago

AWS and Accel join forces to launch accelerator program for Generative AI start-ups

AWS (Amazon Web Services) and Accel have partnered to launch an accelerator program for generative AI startups, as reported by Business Today. The program aims to support and nurture startups working in the field of generative artificial intelligence. Through this collaboration, selected startups will receive mentorship, resources, and guidance from industry experts to accelerate their growth and innovation in AI technology.

AWS pledges $100 M in cloud credits to boost global education equity

YourStory

YourStory · 7m ago

AWS pledges $100 M in cloud credits to boost global education equity

Amazon Web Services (AWS) has announced that it will be providing up to $100 million in cloud credits over the next five years to support educational institutions and underserved students globally. This commitment is a part of AWS Education Equity Initiative and aims to help these organizations and students develop and scale digital learning solutions. The cloud credits can be used to reduce expenses when utilizing AWS's cloud services, allowing recipients to access AWS's comprehensive cloud technology and AI services to create innovative learning tools and experiences. AWS will also provide technical guidance and support through its solution architects.

Amazon’s answer to ChatGPT is a workplace assistant called Q

Wired · 1y ago

Amazon’s answer to ChatGPT is a workplace assistant called Q

Amazon has introduced its own AI chatbot called Q for Amazon Web Services (AWS). Q is aimed at business users who use AWS at work and can help with tasks such as coding, answering questions about AWS cloud services, and generating business reports. It is also integrated into Amazon Connect for customer service support. The chatbot utilizes various AI models, including Amazon's Titan and models from startups Cohere and Anthropic. AWS CEO, Adam Selipsky, emphasizes the importance of diversifying AI providers in light of OpenAI's recent troubles.

Race for AI isn't zero-sum, says Amazon cloud boss

Economic Times

Economic Times · 1y ago

Race for AI isn't zero-sum, says Amazon cloud boss

Amazon's cloud chief, Adam Selipsky, disagrees with critics who claim that Amazon is falling behind in the race to develop generative artificial intelligence (AI). Selipsky believes that there won't be a single model to dominate the field, and Amazon Web Services (AWS) already offers multiple AI models for different use cases. While competitors like Microsoft and Google are gaining ground in the cloud computing market, AWS continues to invest in AI innovations, such as its Trainium chips and Amazon Bedrock platform. Selipsky remains confident that Amazon will remain a leader in cloud computing. AWS customers and partners, including Nvidia and Pfizer, are already leveraging generative AI to improve productivity and customer interaction.

India Accelerator unveils Cohort'25, commits $8-10M for tech startups

YourStory

YourStory · 7m ago

India Accelerator unveils Cohort'25, commits $8-10M for tech startups

India Accelerator has introduced its 2025 cohort for tech startups, with plans to invest $8-10 million in the programme. In the first quarter of 2025, the cohort will commence to accelerate 30-35 startups in sectors such as autonomous drones, sustainable mobility, ecommerce ecosystems, and Generative AI. India Accelerator aims to provide full ecosystem support to enable startups to make a market-driven impact. The initiative seeks to drive industry transformation and socio-economic change through innovations in various sectors. The accelerator will offer resources and a robust launchpad to help startups achieve market readiness, along with a specialised mentor board and guidance from industry experts.

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