Trends
Amazon offers double credit to startups built on AWS
OUR TAKEAmazon is best known for its massive online retail business, and most of its profits come from its AWS business, which it launches in 2006, long before the emergence of rivals Microsoft and Google. AWS is the market leader, with revenue of $25 billion in the first quarter, up 17% year-over-y…
Headline
OUR TAKEAmazon is best known for its massive online retail business, and most of its profits come from its AWS business, which it launches in 2006, long before the emergence of rivals Microsoft and Google. AWS is the market leader, with revenue of $25 billion in the first…
Context
OUR TAKE Amazon is best known for its massive online retail business, and most of its profits come from its AWS business, which it launches in 2006, long before the emergence of rivals Microsoft and Google. AWS is the market leader, with revenue of $25 billion in the first quarter, up 17% year-over-year. –Zora Lin, BTW reporter Amazon Web Services (AWS) has doubled the amount of credit that some startups can use on their products, from $100,000 to $200,000. Starting July 1, startups that have received Series a funding in the past year will be eligible for the raise.
Evidence
Pending intelligence enrichment.
Analysis
Matt Garman, who started running AWS in early June, says working with start-ups will always be a focus. As competition from Microsoft intensifies, the company is doubling the amount of credit it offers to some startups using its cloud infrastructure for artificial intelligence services. In the past, the $100,000 credit is due in one year, and now the $200,000 credit is due in three years, AWS says. A spokesperson for the company calls AWS the “far and away” leader in cloud computing, adding that more than 280,000 startups run on AWS, including 96% of the “unicorns” in artificial intelligence and machine learning. Also read: Jeff Bezos and Andy Jassy at AWS: Revolutionising cloud computing Also read: Amazon expands European market with generative AI products
Key Points
- Amazon Web Services increases the amount of credit that some startups can use on their products from $100,000 to $200,000.
- More than 280,000 startups run on AWS, including 96% of the “unicorns” in artificial intelligence and machine learning.
Actions
Pending intelligence enrichment.
