American multinational technology company, Amazon has revealed its plan to spend the sum of $230 million on start-ups building generative AI-powered applications.
The investment intends to position AWS as an appealing cloud infrastructure solution for companies developing generative AI models to power their products, apps, and services.
Report further reveals that approximately $80 million of the investment will fund Amazon’s second AWS (Amazon Web Services) Generative AI Accelerator program.
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