04 April 2024 – In an interview with Reuters, Amazon Web Services (AWS) revealed that, in an effort to increase the market share of its Al platform Bedrock, the firm has increased its free credits program for startups to cover the expenses of employing key Al models.
Amazon is now allowing its cloud credits to cover the usage of models from other providers, such as Anthropic, Meta, Mistral Al, and Cohere, in an effort to draw in startup clients.
Vice president and worldwide head of startups at AWS Howard Wright stated, “This is another gift that we’re making back to the startup ecosystem in exchange for what we hope is startups continuing to choose AWS as their first stop.” This action was taken in response to Amazon’s $4 billion convertible note investment in Anthropic, which is now finalized. Anthropic will employ Trainium and Inferentia chips to develop and train its models, and AWS will be its main cloud provider as part of the agreement.
Conclusion
We have no regrets about it,” he said, adding that AWS provides companies with a plethora of options and security. Over the last ten years, Amazon claims to have given over $6 billion in credits to entrepreneurs.
