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

YourStoryYourStory · 1y ago
Amazon Web Services commits $50M for generative AI initiative to help public sector organisations
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.

30 Startups To Watch: AI Startups That Caught Our Eyes In February 2024

Inc42Inc42 · 1y ago
30 Startups To Watch: AI Startups That Caught Our Eyes In February 2024
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.

AI Will Change Operational Fundamentals Of Enterprises: Jithendra Vepa

Inc42Inc42 · 1y ago
AI Will Change Operational Fundamentals Of Enterprises: Jithendra Vepa
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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