AWS announces $50 million investment in Generative AI Impact Initiative for PSUs
9 months ago

AWS announces $50 million investment in Generative AI Impact Initiative for PSUs

The Hindu  

Amazon Web Services announced the AWS Public Sector Generative Artificial Intelligence Impact Initiative. The initiative is designed to help public sector organizations – and those that directly support their technology needs – to accelerate innovation in support of critical missions using AWS generative AI services and infrastructure. As part of this initiative, AWS is committing up to $50 million in AWS promotional credits, training, and technical expertise across generative AI projects. Credit issuance determinations will be based on a variety of factors, including but not limited to the customer’s experience developing new technology solutions, the maturity of the project idea, evidence of future solution adoption, and the customer’s breadth of generative AI skills.

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History of this topic

Donald Trump’s ‘investment announcement’ coming at 12:00 am IST—What could it be?
3 weeks, 5 days ago

Donald Trump’s ‘investment announcement’ coming at 12:00 am IST—What could it be?

Live Mint  

US President Donald Trump is set to make an "investment announcement" at 1:30 p.m. TSMC’s growing investment in the US TSMC has been ramping up its US semiconductor production: In April, the company increased its planned U.S. investment to $65 billion, adding a third factory in Arizona by 2030. Major tech investments since Trump's return to office Since Trump's second …

Amazon's AWS to invest $11 billion in Georgia to boost AI infrastructure development
2 months, 3 weeks ago

Amazon's AWS to invest $11 billion in Georgia to boost AI infrastructure development

The Hindu  

Amazon.com said on Tuesday that its cloud computing division, Amazon Web Services, plans to invest about $11 billion to expand its infrastructure in Georgia to support cloud computing and AI technologies. Big Tech companies are pouring billions into artificial intelligence, highlighting the growing need for robust data centers and advanced infrastructure to support AI-driven innovations and cloud services. This surge …

AWS re:Invent 2024: Amazon unveils Nova, new collection of AI models, to take on OpenAI, Google, Microsoft
3 months, 3 weeks ago

AWS re:Invent 2024: Amazon unveils Nova, new collection of AI models, to take on OpenAI, Google, Microsoft

Firstpost  

Amazon is pitching Nova as a cost-effective and efficient alternative in the AI market. The company claims the models are at least 75 per cent cheaper and faster than similar offerings available through AWS servers Amazon has stepped into the generative AI arena with its boldest move yet, unveiling its own suite of artificial intelligence models. Amazon Nova, a new …

Amazon develops video AI model: Report
4 months ago

Amazon develops video AI model: Report

The Hindu  

E-commerce giant Amazon has developed new generative artificial intelligence that can process images and videos in addition to text, making it less reliant on AI startup Anthropic, The Information reported on Wednesday. The development of the new AI model will help Amazon reduce its reliance on Anthropic's Claude chatbot, a popular offering on Amazon Web Services, the report said, citing …

Amazon Invests an Additional $4 Billion in AI Firm Anthropic
4 months ago

Amazon Invests an Additional $4 Billion in AI Firm Anthropic

Deccan Chronicle  

Amazon is investing an additional $4 billion in artificial intelligence startup Anthropic, boosting its stake in one of OpenAI’s chief rivals. That deal included provisions that Anthropic use Amazon Web Services data centers for some of its computing needs, as well as AWS-designed AI chips. The latest investment “establishes AWS as our primary cloud and training partner,” Anthropic said in …

Amazon deepens AI push with additional $4 billion in OpenAI challenger Anthropic: All about the deal
Trending News
4 months, 1 week ago

Amazon deepens AI push with additional $4 billion in OpenAI challenger Anthropic: All about the deal

Live Mint  

Amazon is set to invest a further $4 billion in Anthropic, a San Francisco-based artificial intelligence startup, as major technology firms continue to vie for dominance in the generative AI sector. Under the agreement, Anthropic will designate Amazon Web Services as its principal training partner for developing its foundational AI models—highly advanced systems that power general-purpose AI applications such as …

Amazon.com mulls new multi-billion dollar investment in Anthropic: Report
4 months, 3 weeks ago

Amazon.com mulls new multi-billion dollar investment in Anthropic: Report

The Hindu  

Amazon is in talks for its second multi-billion dollar investment in artificial intelligence startup Anthropic, the Information reported on Thursday, citing a person familiar with the matter. The cloud services giant announced an investment of $4 billion in the OpenAI rival in September last year, saying its customers would gain early access to Anthropic's technology. Amazon has asked Anthropic, which …

Amazon Embraces AI, But Navigates Regulatory Minefield
5 months ago

Amazon Embraces AI, But Navigates Regulatory Minefield

Live Mint  

Amazon's Matt Garman discusses the company's AI strategy and the challenges of government regulation. Garman emphasizes the importance of data security and control, and he believes that nuclear energy can be a key part of Amazon's future energy mix. He also acknowledges the challenges of remote work but remains optimistic about the benefits of in-person collaboration.

AWS and iTNT Hub collaborate to nurture generative AI innovation among startups in Tamil Nadu
8 months, 2 weeks ago

AWS and iTNT Hub collaborate to nurture generative AI innovation among startups in Tamil Nadu

The Hindu  

Amazon Web Services India Private Limited has said that it will be supporting Tamil Nadu Technology Hub to launch a generative Artificial Intelligence startup hub program. According to details shared by AWS, the program will enable startups to collaborate with the industry to build public sector-focused solutions using generative AI, and will solicit and shortlist startups building solutions for government, …

Amazon adds Andrew Ng, a leading voice in artificial intelligence, to its board of directors
11 months, 2 weeks ago

Amazon adds Andrew Ng, a leading voice in artificial intelligence, to its board of directors

Associated Press  

Amazon is adding artificial intelligence visionary Andrew Ng to its board of directors, a move that comes amid intense AI competition among startups and big technology companies. The Seattle company said Thursday that Ng, a managing director at the Palo Alto, California-based AI Fund, will replace a seat vacated by Judy McGrath, a former CEO of MTV who told Amazon …

Amazon pours an additional $2.75 billion into AI startup Anthropic
1 year ago

Amazon pours an additional $2.75 billion into AI startup Anthropic

Associated Press  

NEW YORK — Amazon said Wednesday it is pouring an additional $2.75 billion into Anthropic, bringing its total investment in the artificial intelligence startup to $4 billion. “Generative AI is poised to be the most transformational technology of our time, and we believe our strategic collaboration with Anthropic will further improve our customers’ experiences, and look forward to what’s next,” …

AWS chief Adam Selipsky talks generative AI, Amazon’s investment in Anthropic and cloud cost cutting
1 year, 3 months ago

AWS chief Adam Selipsky talks generative AI, Amazon’s investment in Anthropic and cloud cost cutting

Associated Press  

Adam Selipsky is shepherding Amazon’s cloud unit at one of the most important moments in tech history. Selipsky, the CEO of the company’s cloud computing unit AWS, has been behind the various generative AI offerings Amazon has rolled out over the past few months as it aims to compete with Microsoft and others in the growing AI arms race. Simultaneously, …

Amazon launches free AI courses on generative AI to skill people globally
1 year, 4 months ago

Amazon launches free AI courses on generative AI to skill people globally

The Hindu  

Amazon launched free AI training courses to provide AI skills to two million people globally by 2025. Under the programme AWS will provide eight new AI and generative AI courses to people, with options ranging from foundational to advanced and courses for business leaders as well as technologists. Amazon will also provide AWS Generative AI scholarships with support from Udacity …

Google set to invest $2 billion in Anthropic- OpenAI's competitor
1 year, 5 months ago

Google set to invest $2 billion in Anthropic- OpenAI's competitor

India TV News  

Google is set to invest $2 billion in the AI startup Anthropic, created by former members of OpenAI, as competition in the AI field intensifies. In September, Amazon also announced plans to invest as much as $4 billion in Anthropic, securing a minority ownership position in the firm, reflecting the fierce competition within the growing generative AI sector dominated by …

Amazon is investing up to $4 billion in AI startup Anthropic in growing tech battle
1 year, 6 months ago

Amazon is investing up to $4 billion in AI startup Anthropic in growing tech battle

The Hindu  

Amazon is investing up to $4 billion in Anthropic and taking a minority stake in the artificial intelligence startup, the two companies said Monday. Amazon and Anthropic said the deal is part of a broader collaboration to develop so-called foundation models, which underpin the generative AI systems that have captured global attention. Under the agreement, Anthropic is making Amazon its …

Amazon is investing up to $4 billion in AI startup Anthropic in growing tech battle
1 year, 6 months ago

Amazon is investing up to $4 billion in AI startup Anthropic in growing tech battle

Associated Press  

Amazon is investing up to $4 billion in Anthropic and taking a minority stake in the artificial intelligence startup, the two companies said Monday. Amazon and Anthropic said the deal is part of a broader collaboration to develop so-called foundation models, which underpin the generative AI systems that have captured global attention. Under the agreement, Anthropic is making Amazon its …

Amazon commits up to $4 billion in AI startup anthropic for generative AI advancements
1 year, 6 months ago

Amazon commits up to $4 billion in AI startup anthropic for generative AI advancements

India TV News  

Amazon has announced a substantial investment of up to $4 billion in Anthropic, an artificial intelligence startup, marking its strategic foray into the burgeoning generative AI market. In this partnership, Anthropic will harness the power of Amazon Web Services, employing AWS Trainium and Inferentia chips for the development, training, and deployment of its future foundation models. Amazon CEO Andy Jassy …

Amazon working on a generative AI to help small businesses in India
1 year, 6 months ago

Amazon working on a generative AI to help small businesses in India

The Hindu  

Amazon India is developing a generative artificial intelligence tool called SahAI for its business partners to help them with the backend of any particular product. Still in trial stage, this new generative AI is aimed at breaking barriers and helping many new businesses to come on the marketplace, said Amazon during Sambhav summit in New Delhi on Thursday. Amazon signed …

Amazon is rolling out a generative AI feature that summarizes product reviews
1 year, 7 months ago

Amazon is rolling out a generative AI feature that summarizes product reviews

The Hindu  

Amazon is rolling out a new generative AI feature that summarizes product reviews for customers. The feature, which the company began testing earlier this year, is designed to help shoppers determine at a glance what other customers said about a product before they spend time reading through individual reviews. He also said during an earnings call with investors last week …

Amazon’s Jassy says AI will be a ‘big deal’ for company
1 year, 11 months ago

Amazon’s Jassy says AI will be a ‘big deal’ for company

Associated Press  

NEW YORK — Amazon CEO Andy Jassy signaled confidence that the company will get costs under control in his annual shareholder letter, where he also noted the tech giant was “spending heavily” on AI tools that have gained popularity in recent months. The company’s profitable cloud computing unit Amazon Web Services also faces “short-term headwinds right now,” despite growing 29% …

Amazon enters into generative AI space with AI startup accelerator
1 year, 11 months ago

Amazon enters into generative AI space with AI startup accelerator

India TV News  

Amazon enters into generative AI space with AI startup accelerator The company has announced a kick-off event in-person in the San Francisco Bay Area in the US from May 24-25 and a Demo day on July 26-27 to showcase the progress of its AI accelerator. The new Amazon Web Services 'Generative AI Accelerator' is a global programme for 10 Generative …

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