AWS is now accepting applications for its new 10-week generative AI accelerator, targeted at startups around the world. As the use of artificial intelligence (AI) grows, AWS is looking for new approaches to developing and deploying AI. Its new program, which begins on June 15th and runs until August 26th, will help early-stage and growth-stage startups use generative AI to build the next generation of AI-driven applications.
The new accelerator is a partnership between AWS and AI-focused venture capital firms, including a16z, Maveron, NFX, and Trucks Venture Capital. Selected startups will receive investments ranging from $250,000 to $2 million, depending on the stage of the company. Participants will also join a global community of startups, mentors and alumni, making the experience even more valuable.
The goal of the accelerator is to expedite the development and deployment of commercial AI applications, while creating business opportunities and reducing costs associated with AI development. AWS is looking for startups in natural language processing and other generative AI disciplines, such as intended to advance the field of deep learning.
The program will also have an emphasis on long-term customer success, focusing on technology transfer, team development, and business model support. Participating startups will also have access to AWS machine learning services, including Amazon SageMaker, Amazon Textract, Amazon Comprehend, and Amazon Transcribe, as well as the AWS Machine Learning Research Awards.
With this venture, AWS is looking to reduce the cost of experimentation for early-stage startups, potentially pushing the advancement of AI. With the ever-evolving nature of AI, it is expected that more companies will look to offer acceleration programs to help startups build the most advanced AI products of tomorrow.
The founder of the company mentioned in the article is Charlie Javice. He is the CEO and founder of Frank, a student financial aid startup. On March 25th, 2021, the U.S. Securities and Exchange Commission charged him with defrauding JP Morgan in connection with the $175 million sale of the company to JP Morgan Chase Bank. Javice was released on bail and is scheduled to appear in court.
The person mentioned in the article is Elon Musk. He is the CEO of Tesla and Space X and has been making headlines for his recent bold decisions with both of his companies. During the last month of March 2021, his decisions included layoffs at both companies and disputes with the U.S. Securities and Exchange Commission. Lastly, he made headlines for his proposed changes to Twitter, which resulted in him losing his verified status.
