CNBC June 28, 2024
Key Points
– Amazon Web Services is doubling the value of credits that some startups can use on its products from $100,000 to $200,000, CNBC has learned.
– Starting July 1, startups that have raised a Series A round of funding in the past year will be eligible for the increase, AWS told some venture investors in an email this week.
– Matt Garman, who began running AWS in early June, told founders during a meeting in Silicon Valley this week that working with startups will always be a focus.
Amazon will double the value of credits it offers some startups to use its cloud infrastructure, CNBC has learned, as the company faces heightened competition from Microsoft in artificial intelligence...
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