Page 4 - Amazon Web Services

Indian startup ecosystem mature, set to bolster economy: AWS' Raghavan

The Indian startup ecosystem is mature, with multiple tailwinds that are poised to escalate India to become the third largest economy in the world, said AWS' Kumara Raghavan. In a conversation with PTI, Raghavan, Head, Startups, Amazon Web Services (AWS) India, and South Asia, discussed the vibrant Indian startup scene, noting its strength and innovation potential. "We are the 5th largest economy, we are trending towards becoming the 3rd largest... factors that will contribute to it are labor addition, infrastructure growth, and efficiency improvements, where technologies like GenAI will play their part, a large developer ecosystem, the ability to build products in the country and serviced all over the world, then there are regulatory tailwinds like Make in India and Production Linked Incentive (PLI) scheme as well," he said. Raghavan lauded the maturity of the Indian startup ecosystem, noting the significant contributions of experienced founders who have embarked on multiple ...

Amazon Web Services launches GenAI service Bedrock in APAC Mumbai region

It will support customers across the country, including public sector organisations and companies in regulated industries

Amazon's AWS chief Selipsky to step down, veteran named successor

Adam Selipsky, 57 will leave the company on June 3 and will be replaced by Matt Garman, a senior vice president who has overseen sales and marketing at AWS

Amazon Web Services breaks into Europe 5G networks with Telefonica deal

Telefonica first worked with AWS and Ericsson, and then swapped to Nokia and AWS, Rao said. 'The days of trial are over

Amazon breaks Europe's 5G telecoms market through Telefonica cloud deal

The move by the subsidiary of Spanish group Telefonica is a global first where an existing mobile operator is switching its core network to a public cloud

Amazon to spend $9 bn over next 4 yrs to expand cloud infra in Singapore

AWS also announced a collaboration with the Singapore Government, public sector organisations, and enterprises to help accelerate the adoption of AI

HCLTech partners with Amazon Web Services to drive GenAI adoption

IT services firm HCLTech on Monday said it has partnered with Amazon Web Services (AWS) to 'accelerate GenAI-led enterprise digital transformation'. The companies will work together to implement AWS GenAI (generative AI) services such as Amazon Bedrock, Amazon CodeWhisperer, Amazon SageMaker and Amazon Titan for enterprises across multiple industries, according to a company statement. "This strategic collaboration agreement seeks to help enterprises unlock the value of GenAI by empowering them to reshape business models, elevate customer experiences and foster growth," Prabhakar Appana, Senior Vice President and AWS Global Head, HCLTech said. The joint entity will help enterprises explore and develop GenAI-led use cases, proofs of concept, tools and solutions, and will provide clients early access to AWS's advanced GenAI services.

Generative AI boom will be built on AWS, says Amazon CEO Andy Jassy

Jassy has focused the company's investments on a few big initiatives such as building data centers to help fuel the artificial intelligence boom

Amazon Web Services owes $525 mn in cloud-storage patent fight: US jury

Chicago-based Kove sued Amazon in the US District Court for the Northern District of Illinois in 2018

Amazon web services slashes hundreds of jobs as part of cost-cutting drive

Sales growth at AWS, the largest seller of rented computing power and data storage, slowed to a record low last year as corporate customers cut spending and delayed technology modernization projects

Amazon offers free credits for startups to use AI models like Anthropic

Amazon said it has offered over $6 billion in credits to startups in the past decade

Amazon bets $150 billion on data centers required for AI boom: Report

The spending spree is a show of force as the company looks to maintain its grip on the cloud services market, where it holds about twice the share of No. 2 player Microsoft Corp.

AWS, Nilekani's EkStep collaborate for innovation in digital public infra

Amazon Web Services on Tuesday said it has collaborated with Nandan Nilekani's EkStep Foundation to set up a Joint Innovation Centre (JIC) to foster digital solutions for public service delivery. This joint effort will focus on enabling and accelerating the creation of digital public goods (DPGs) and digital public infrastructures (DPIs), the company said in a statement. "The JIC will promote collaboration among...stakeholders to develop DPGs and DPIs for sectors such as education, agriculture, finance, healthcare, and climate change, and help accelerate societal transformation," the statement said. The innovation centre will focus on supporting startups, independent software vendors (ISVs), and system integrators (SIs) to leverage the power of technologies such as cloud computing, generative artificial intelligence (AI), and analytics from AWS; help them imagine and invent new use cases for DPGs and DPIs, incubate them, and enhance existing ones, and offer comprehensive starter kit

Jeff Bezos unloads another $2 billion of Amazon stock in latest sale

The move to Florida has now likely saved Bezos about $430 million in taxes. Washington state recently implemented a 7% levy on capital gains, while Florida has no such tax

Vaishali Kasture resigns as AWS India's interim country head in five months

Vaishali Kasture had taken over from the former president of commercial business, Puneet Chandok, in July this year

AWS CEO bats for responsible AI; says need to unlock GenAI's full potential

Advocating responsible AI, Amazon Web Services (AWS) CEO Adam Selipsky on Tuesday stressed on the need for unlocking Generative AI's full potential while mitigating risks and called for unprecedented collaborations and multi-stakeholder efforts spanning tech companies, policy-makers, community groups and academia towards this. Selipsky was speaking at the keynote of AWS re:Invent 2023, where he made a slew of announcements around strengthening Generative AI offerings. He affirmed that AWS is ready to help businesses reinvent with this "promising tool for innovation". At the technology giant's annual flagship event here, Selipsky spoke about AWS and chip major NVIDIA's strategic collaboration to offer new supercomputing infrastructure software and services for Generative AI, and announced Amazon Q, a new generative AI-powered assistant specifically designed for work. The company also announced the next-generation of two AWS-designed chip families AWS Graviton4 and AWS Trainium2 tha

TCS ties up with Amazon Web Services to launch generative AI practice

The country's largest IT services exporter TCS on Monday announced its tie-up with Amazon Web Services to launch a dedicated generative artificial intelligence practice. The Tata Group company recently announced that it has imparted foundation training on GenAI for 1 lakh employees across the world. The practice will focus on using responsible AI frameworks and its "Paceport innovation hubs" to build a comprehensive portfolio of solutions and services for every industry sector, as per an official statement. It has already bagged a customer, with the world's largest hotel franchising company Wyndham Hotels and Resorts extending its strategic partnership with TCS and AWS to manage its digital transformation journey. Generative AI has captured the attention of enterprises globally for its potential to significantly reshape industries, the statement said, adding that TCS has already been working on GenAI with clients. TCS is at present focused on certifying over 25,000 employees on AW

Tech Mahindra launches sports cloud platform in collaboration with AWS

Tech Mahindra on Monday said it has collaborated with Amazon Web Services (AWS) to build a sports cloud platform for sporting enthusiasts worldwide. Tech Mahindra and AWS will offer a comprehensive digital platform to sports organizations, offering use cases related to content and community engagement, customer data management and audience segmentation, and sports analytics, the company said in a statement. The platform will also offer immersive stadium-to-home fan experiences by leveraging augmented reality and virtual reality (AR/ VR), and metaverse gamification. The cloud offering will also enable sports organizations to build and transform digital properties of sports teams and franchises and generate new revenue streams by developing new services and features tailored to audience needs. Tech Mahindra and AWS in September this year announced a strategic collaboration where both entities can participate in joint go-to-market initiatives and drive business growth. Tech Mahindra

Amazon's 'AI Ready' initiative to train 2 million in AI skills by 2025

An AWS study found that 73% employers prioritise applicants with AI skills and these candidates can earn up to 47% more in salaries

Here's how Amazon is going after Microsoft's cloud computing ambitions

Since 2016, Microsoft's customers and rivals, as well as regulators, have complained that the company makes it more expensive and cumbersome to run its programs and services on rival cloud providers