Amazon adds $230 million in cloud credits to AI startups

FILE PHOTO: Attendees walk through an expo hall at AWS re:Invent 2023, a conference hosted by Amazon Web Services (AWS), in Las Vegas, Nevada, U.S., November 29, 2023. Noah Berger/AWS/Handout via REUTERS

(Reuters) - Amazon said it is investing $230 million in the form of Amazon Web Service (AWS) credits in artificial intelligence startups, the latest example of cloud providers trying to capture AI clients from nascent stages.

The credits will provide early-stage generative AI startups free access to computing power, a variety of AI models, and infrastructure, if they build their companies on AWS.