Amazon has earmarked $230 million to invest in generative AI startups worldwide, providing funding in the form of “AWS credits, mentorship, and education to further their use of artificial intelligence and machine learning technologies.” The initiative will cast a global net, focusing on early-stage companies. About $80 million of that allocation will fund the second cohort of the AWS Generative AI Accelerator, which provides up to $1 million in credits “to each of the top 80 early-stage startups that are using generative AI to solve complex challenges.” Applications for the AWS Accelerator are open through July 19. Continue reading Amazon Commits $230M in AWS Credits for GenAI Startups

Amazon has launched five new capabilities to its SageMaker service, including Sagemaker HyperPod, which accelerates large language and foundation model training and tuning. Sagemaker HyperPod is said to shorten the training time by up to 40 percent using its purpose-built infrastructure designed for distributed training at scale. By optimizing acceleration, SageMaker Inference reduces foundation model deployment costs by 50 percent and latency by 20 percent on average, Amazon claims. “SageMaker HyperPod removes the undifferentiated heavy lifting involved in building and optimizing machine learning infrastructure,” said Amazon. Continue reading SageMaker HyperPod: Amazon Accelerates AI Model Training