CNBC August 2, 2024
Key Points
– Microsoft is enticing Y Combinator startups with more cloud credits that can be used to access technology needed to run artificial intelligence workloads.
– A Microsoft spokesperson said 58% of Y Combinator startups had accepted the company’s offer of Azure credits.
– Padmanabhan Krishnamurthy, co-founder of EzDubs, said Microsoft’s increased offer of Azure credits was like “manna from heaven.”
EzDubs, a developer of language-translation technology, got started the way many tech startups get off the ground. It launched on public clouds from Amazon and Google.
However, after EzDubs went through the Y Combinator startup program last year, the company made a quick pivot, adding Microsoft’s cloud into the mix. That’s because EzDubs’ founders learned of a partnership...
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