Amazon Has Different Take On AI, Invites Applications From Global Generative AI Startups

Amazon.Com, Inc AMZN Amazon Web Services invited applications for ten Generative Artificial Intelligence startups from April 4-17.
Cohort participants of the 10-week program will receive $200,000 in AWS Promotional Credits and may receive up to $100,000 in AWS Activate credits.
AWS engineers and industry-leading technical experts will impart training to the selected candidates.
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Upon completing the program, candidates can pitch to the Generative AI community, including investors, press, and customers.
The kick-off event will occur between May 24 - 25 in the San Francisco Bay Area. AWS scheduled the demo day on July 26 - 27 in the exact location.
The AWS Generative AI Accelerator focused on Generative AI startups that can demonstrate early-stage traction. Ideal candidates must have a Minimum Viable Product already developed set on Seed-stage funding, with plans to raise in the next 18 months. AWS welcomed machine learning startups with technical leads leveraging cloud technologies.
This year, OpenAI grabbed eyeballs courtesy of its chatbot ChatGPT, proficient at answering questions and writing essays and poems, and image generator Dall-E 2, which turns language prompts into novel images. Generative AI describes algorithms like ChatGPT to create new content, including audio, code, images, text, simulations, and videos.
Microsoft Corp MSFT recently won laurels for integrating ChatGPT into Bing with further plans for integrating AI-powered products across its portfolio.
Price Action: AMZN shares traded higher by 0.70% at $103.13 on the last check Tuesday.