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AWS launches GenAI Loft in Bengaluru to foster generative AI innovation for startups
Economic Times
·
1y ago
Medial
Amazon Web Services (AWS) launched a two-week pop-up called GenAI Loft in Bengaluru on July 29. The loft aims to support the development of generative artificial intelligence technology by providing a space for builders and innovators to learn and gain hands-on experience in leveraging generative AI. The loft also offers networking opportunities with startups, investors, and AWS experts. The GenAI Loft is part of AWS's commitment to democratizing access to generative AI technology globally. The loft will travel to different AI hotspots like San Francisco, Sao Paulo, London, and Paris after Bengaluru.
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AWS selects seven Indian Gen AI startups for global accelerator
YourStory
·
10m ago
Medial
Amazon Web Services (AWS) has chosen seven Indian Gen AI startups to participate in its AWS Global Generative AI Accelerator program. The selected companies are Convrse, House of Models, NeuralGarage, Orbo.ai, Phot.ai, Unscript AI, and Zocket. These startups have been recognized for their use of artificial intelligence and their potential for global expansion. They will have the opportunity to present their solutions at AWS' re:Invent event in Las Vegas. AWS has invested $230 million to support startups worldwide in developing generative AI applications. In India, AWS has supported generative AI startups through initiatives like the AWS GenAI Loft in Bengaluru.
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Amazon Web Services commits $50M for generative AI initiative to help public sector organisations
YourStory
·
1y ago
Medial
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.
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AWS India Launches Amazon Bedrock To Scale GenAI Applications
Inc42
·
1y ago
Medial
Amazon Web Services (AWS) India has introduced Amazon Bedrock in the Mumbai region of Asia-Pacific, aiming to support developers in scaling generative AI (GenAI) applications and other AI experiences for Indian users. Amazon Bedrock is a managed service that provides customers with a selection of large language models and robust model customisation and fine-tuning capabilities. With built-in enterprise-grade security and privacy, Bedrock offers access to the latest generation of models such as Text Lite, Image Generator, Claude 3 Sonnet, and Mistral 8x7B. AWS has invested $12.7 billion in India and aims to support local businesses in scaling generative AI applications.
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30 Startups To Watch: AI Startups That Caught Our Eyes In February 2024
Inc42
·
1y ago
Medial
India's Generative Artificial Intelligence (GenAI) startup ecosystem is poised for exponential growth, with the market expected to surpass $17 billion by 2030. Inc42 has highlighted 30 promising GenAI startups to watch, with a majority based in Bengaluru. These startups are using GenAI tools and technologies to automate content creation, enhance user experience, optimize business processes, and improve decision-making. Some notable startups include Alltius, which offers AI assistants for enterprise applications, and Athina AI, which helps companies evaluate and ensure the safety of their AI models. Other startups focus on areas like synthetic data generation, recruitment automation, video content creation, and code error correction, among others. With the Indian AI ecosystem on the brink of rapid growth, these startups are at the forefront of innovation in the country.
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AWS and Accel join forces to launch accelerator program for Generative AI start-ups
Business Today
·
2y ago
Medial
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.
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USIBC Launches New Initiative To Align US, India Leadership In AI
Inc42
·
1y ago
Medial
The US-India Business Council (USIBC) has launched the Artificial Intelligence Task Force (AI-TF) to align the leadership of India and the US in the field of artificial intelligence (AI). The initiative aims to drive AI technology development, foster multistakeholder processes, and enhance competitiveness in both economies. It comes after India and the US signed a pact to connect their startup ecosystems, with a focus on critical and emerging technologies. India's generative AI market is projected to exceed $17 billion by 2030, fueled by the innovative capabilities of its 70+ GenAI startups.
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UK's Deloitte launches AI incubator to serve Indian, global companies
IndianStartupNews
·
1y ago
Medial
Deloitte has introduced the Global Generative AI Market Incubator to foster innovation in generative AI for global and Indian businesses. The AI incubator will utilize Deloitte's professionals' sector expertise and AI/ML skills to expedite project timelines and deliver immediate value. Deloitte is actively engaged in various global projects involving generative AI, collaborating with academic institutions and industry bodies to scale generative AI talent pool. The initiative aims to provide sustainable business outcomes and accelerate generative AI deployments in emerging technologies.
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AWS makes Amazon Bedrock available for developers in India
Economic Times
·
1y ago
Medial
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.
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AI Will Change Operational Fundamentals Of Enterprises: Jithendra Vepa
Inc42
·
1y ago
Medial
The GenAI ecosystem is experiencing significant growth, with over $600 million in funding for startups. Bengaluru is emerging as a major hub for AI-driven innovation. Companies are finding that implementing AI can significantly reduce operational costs. Many enterprises are opting to develop AI applications in-house and are resistant to sharing data with third parties. AI has the potential to fundamentally transform the operational landscape of businesses. Concerns around AI adoption include cost implications, compliance, security, and privacy. A report states that over 100 GenAI startups have collectively raised over $600 million in funding, with Bengaluru hosting over 45% of these startups.
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Tech’s future is in the cloud
Economic Times
·
7m ago
Medial
Executives from AWS emphasize the importance of offering diverse generative AI models to cater to varied enterprise needs, optimizing speed, accuracy, and costs. This choice expands AWS's user base, enabling further cost reductions due to scale economies. AWS supports over 1,000 GenAI use cases, highlighting the cloud's role in innovation, scalability, and risk mitigation. The company boosts its offerings with regional centers in India and a $1 billion global startup credit program, emphasizing security and customer-centricity.
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