Amazon Launches Startup Accelerator for Generative AI Companies

The newest startup accelerator from Amazon aims to attract companies building generative AI technologies. From a report: The Amazon Web Services accelerator, revealed Tuesday, is a 10-week program aims to "empower companies applying generative AI to solutions from legal and marketing, to software engineering, green energy, and life sciences, including drug discovery." It also provides up to $300,000 in AWS credits. The hybrid program is open to all startups, with two week-long in-person events in San Francisco. AWS does not take equity from participating companies. The accelerator is a way for Amazon to draw early-stage startups into its cloud ecosystem.

Wow 300K eh?

[AcidFnTonic]

You know this would have looked appealing if the credits weren't 300 freaking grand. That hints to me they expect even a small startup to incur costs of around 300K and then what the hell is my company (startup remember) going to do next year once we are locked in to Amazon-only APIs and they want another $300K now that the credit expired?

If this was $10K in credits up front I may think, hey this is pretty cheap and we could probably afford 10K next year once the credits run out. Making it 300K just tells me up front how expensive this whole thing will be and how we won't be able to mitgrate away if they decide next year it will be 600K.

Who falls for this?

Re:

[oumuamua]

It could work out if you blow through most of the $300K training and perfecting your model. After that you only need modest resources to actually run the model. But if you ever need to retrain from scratch and haven't found an investor - you're screwed.

Watch out for Basics!

[Anonymous Coward]

They'll just steal yer shit like the store does, and call it Amazon Basics - AI.

Re:

[JKanoock]

Came to say this, they just want to save themselves some legwork while they steal ideas from from other companies. Amazon, your a cancer, and not astrologically.