Amazon Web Services (AWS) has reportedly expanded its free credits program to cover artificial intelligence (AI) models from other companies.
The program now offers startup credits that cover the cost of using the following models: human, Meta, Mistral AI and close contact, howard wrightAWS vice president and global head of startups told Reuters. report Posted on Tuesday (April 2nd).
This expansion is intended to help AWS increase its AI platform market share. Amazon bedrockaccording to the report.
“This is another gift we give back to the startup ecosystem in exchange for our hope that startups continue to choose AWS as their first destination,” Wright said in the report. states.
According to the report, AWS has provided more than $6 billion in credits to startups over the past 10 years.
We are currently offering $500,000 in credits towards our newest products. Y combinator The cohort was launched in January and allows these startups to use credits for AI models and Amazon chips, according to the report.
Amazon Bedrock is a fully managed service that provides access to foundational models from leading companies. AI companies Via a single application programming interface. The models offered through Amazon Bedrock can be applied to a variety of use cases, from search and content creation to drug discovery.
Amazon Bedrock allows customers to experiment with different models and customize them with their own data while ensuring privacy and security.
In another recent move by Amazon in the AI space, the company announced Wednesday (March 27) that it has made an additional $2.75 billion investment in Anthropic. AI companies Up to $4 billion.
As part of the agreement between the two companies, Anthropic will use AWS as its primary cloud provider and use AWS Tranium and Inferentia chips for future AI models, giving AWS customers access to future generations of AI. We are taking a long-term approach. Basic model for Amazon Bedrock.
As the generative AI market becomes relatively crowded, software pricing models and unit economics for various products will change. AI system As PYMNTS reported in December, they too are increasingly competing for positions.
As more enterprise AI models come to market, winning on cost means reducing subscription fees and usage based on model type and modality to give enterprise customers what they want in a way they can afford. This means tiering your rates strategically.