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Amazon’s Alexa Fund is now backing AI startups
Amazon started the Alexa Fund in 2015 to back early-stage voice startups. With the advent of large language models and Amazon launching Gen AI-powered
In a blog post Amazon shared with TechCrunch ahead of publication, Alexa Fund leader Paul Bernard explained that the company now wants to invest in areas including AI-enabled hardware and smart agents. “As such, the Fund has been investing in startups that advance the state-of-the-art in AI-enabled hardware, generative media, smart agents, emerging AI architectures, and more. Many of these startups get early access to private APIs and SDKs of Amazon and become a test ground for the e-commerce company.
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