AWS is investing $100 million in generative A.I. center in race to keep up with Microsoft and Google

Funding Rounds

Summary

Amazons cloud unit said Thursday that its allocating $100 million for a center to help companies use generative artificial intelligence, the technology thats taken off in the months since OpenAI unleashed its ChatGPT chatbot on the public. But the announcement shows that Amazon Web Services recognizes the significance of the current moment in generative AI and the importance of being in the conversation, alongside rivals Microsoft and Google . Amazon, which beat Microsoft and Google to the business of renting out servers and data storage to companies and other organizations, enjoys a commanding lead in the cloud infrastructure market. Microsoft has been spending billions on a multilayered alliance with OpenAI, and Google is moving quickly to deploy AI tools its built in-house for consumers and businesses. The company chose to start building chips to supplement graphics processing units from Nvidia , the leader in the space.

$ Funding

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Amount - Total raised
Date - Announcement date
Investors Microsoft Accelerator - Tel Aviv, 2bCrowdFunded Digital Magazine Lead investors
Company - Funded company

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SaaS Cloud Computing Enterprise Software

Linked Companies

Microsoft
$1B+