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Amazon says it’ll spend $230 million on generative AI startups
Amazon has announced that it'll spend up to $230 million on AI startups in the form of compute credits for AWS and investments.
Picsart, a photo-editing startup backed by SoftBank, announced on Thursday that it’s partnering with Getty Images to develop a custom model to bring AI imagery to its 150 million users. India’s largest wealth manager focused on ultra-high-net-worth individuals, 360 One WAM, has agreed to acquire popular Indian mutual fund investment app ET Money for about $44 million. Helen Toner, a former OpenAI board member and the director of strategy at Georgetown’s Center for Security and Emerging Technology, is worried Congress might react in a “knee-jerk” way where…
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