Valens Research: This company plans to accelerate AI with massive startup funding (AMZN)

Source: https://www.valens-research.com/investor-essentials-daily/company-plans-accelerate-ai-massive-startup-funding/

Excerpt:

"Yesterday, we talked about one of the potential winners of the AI surge. Today, we are giving you another.

As one of the largest companies in the world with a massive and growing cloud computing business through AWS, Amazon (AMZN) has accumulated significant capital reserves that it has been looking to invest strategically in high-potential areas.

Artificial intelligence has emerged as one of the most promising and profitable technologies of the coming decades, with applications across virtually every industry.

Through its AWS cloud division, Amazon is well-positioned to support the development and deployment of advanced AI systems.

In addition to providing the critical digital infrastructure and compute resources that many AI startups rely on through AWS, the company is now directly investing in and collaborating with the most innovative early-stage AI businesses.

The company has announced a $230 million commitment to support artificial intelligence startups through funding and cloud credits distributed via its AWS platform."

Newsletter by: Valens Research

As a previous user of AWS for Payments and Treasury, this is great news.