Amazon Boosts AI Platform with Expanded Free Credits for Startups
The initiative aims to strengthen startup engagement and follows a significant investment in AI startup Anthropic.
- Amazon Web Services (AWS) expands its free credits program to include major AI models like Anthropic, aiming to attract startup customers and increase its AI platform Bedrock's market share.
- The initiative follows Amazon's $4 billion investment in AI startup Anthropic, which will use AWS as its primary cloud provider.
- Amazon offers $500,000 in AWS credits to startups in partnership with Y Combinator, significantly higher than the industry standard.
- The move has drawn regulatory scrutiny, with the U.S. Federal Trade Commission opening an inquiry into potential anticompetitive practices.
- Amazon's total investment in startup credits over the past decade exceeds $6 billion, showcasing its commitment to supporting the startup ecosystem.