JUNEASIA BUSINESS OUTLOOK9NEWSROOMAmazon is making a significant investment in artificial intelligence startups by allocating $230 million in Amazon Web Services (AWS) credits. This initiative aims to attract early-stage generative AI startups by offering them free access to AWS's computing power, AI models, and infrastructure, provided they develop their companies on AWS.This new investment is part of Amazon's broader strategy to support startups, adding to the $1 billion in cloud credits it already offers annually. The focus on generative AI startups is intended to help these companies quickly iterate and scale their operations, according to Matt Wood, Vice President of AI Products at AWS.Additionally, part of the credits will support 80 early-stage companies globally through the AWS Generative AI Accelerator program. Each startup in the accelerator could receive up to $1 million in AWS credits, enabling them to innovate and grow rapidly.Cloud providers, including Microsoft Azure and Google Cloud, commonly offer credits to entice enterprises to use their services, as cloud costs can become substantial as companies scale. This practice is aimed at securing long-term clients by supporting them from their nascent stages. AMAZON FUNNELS $230 MILLION IN AWS CREDITS FOR AI STARTUPSGITHUB TO LAUNCH CENTER OF EXCELLENCE IN INDIAOn June 10, GitHub, owned by Microsoft, announced a partnership with Infosys to establish its first GitHub Center of Excellence (CoE). This collaboration aims to expedite the software production process by partnering with Global System Integrators (GSIs). Thomas Dohmke, CEO of GitHub, emphasized on social media that GSIs play a pivotal role at the intersection of artificial intelligence (AI) and software economies, presenting a unique opportunity to accelerate digital transformation and economic growth globally.Dohmke highlighted that by equipping developers with GitHub Copilot across the organization and extending these capabilities to their customers, GSIs could achieve a significant increase in the speed of software production. This collaboration with Infosys is expected to deliver substantial business value for software in the global economy, marking a significant step forward in the industry.The launch event for the CoE was attended by key figures such as Infosys' Chief Technology Officer Rafee Tarafdar and Executive Vice President Balakrishna D.R. Dohmke heralded this as the dawn of a new era for GSIs, referring to it as "The Age of Copilot."
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