Amazon Opens AWS Generative AI Startup Accelerator
Amazon has begun looking for generative AI startups to join a new accelerator program hosted by Amazon Web Services. Applications for the AWS Generative AI Accelerator are open until April 17, with the program running for ten weeks starting May 24.
AWS Generative AI
Up to 10 startups will be chosen for the cohort and given access to Amazon’s advanced AI models and tools, as well as up to $300,000 in AWS credits. The companies will also have a chance to showcase their work at a Demo Day in San Francisco at the end of the accelerator. Any company can apply, but the program is aimed at those with a product who already use AWS. Amazon pointed to several examples of how startups are using AWS for generative AI in its announcement, ranging from healthcare and medical research to financial analysis and visual effects for films.
“Generative AI is an incredibly exciting field that has the potential to revolutionize many industries. Tech startups will play an important role in bringing this technology into the mainstream,” AWS global head of startups Howard Wright explained in a blog post. “Here at AWS, we believe the startup community will be the driving force moving these innovations forward. The AWS Generative AI Accelerator is designed to act as catalyst, helping some of the most promising companies in this space to take their ideas off the ground. With a program tailored to meet the needs of generative AI startups, the AWS Generative AI Accelerator will provide access to impactful AI models and tools, customized go-to-market strategies, machine learning stack optimization, and more.”
This isn’t the first foray into the field for AWS. Generative AI model developer Hugging Face hosts its software on AWS and works with Amazon’s cloud computing service to streamline generative AI application development. The partnership also makes it easier for developers to use AWS tools like Trainium and SageMaker with Hugging Face. AWS also upgraded its QuickSight Q business forecasts to understand colloquial terms like “show me a forecast” and introduced the Amazon CodeWhisperer AI programming assistant last year. CodeWhisperer autocompletes software code by extrapolating from a user’s initial hints and serves as a potential rival to the Microsoft-owned GitHub Copilot, which relies on models derived from OpenAI’s Codex.