AWS Handpicks Seven Indian Generative AI Companies

Nitin Konde, Apoorva Bajj

Sep 18, 2024 — 3 min read

Seven Indian businesses that are experts in generative artificial intelligence have been chosen to participate in the Global Generative AI Accelerator program offered by Amazon Web Services (AWS).

These seven Indian startups—Convrse, House of Models, Neural Garage, Orbo.ai, Phot.ai, Unscript AI, and Zocket—represent some of the most promising AI-driven enterprises out of the 80 companies that were selected from around the world about artificial intelligence. India's batch highlights the nation's expanding importance in the artificial intelligence business. Notably, it also has the most number of startups picked from any Asia-Pacific region.

Fostering and Providing Resources for Development

Startups that are chosen to participate in the accelerator programme will be eligible to receive up to one million dollars in Amazon Web Services credits. The startups will be able to design, train, test, and deploy their generative artificial intelligence solutions with the assistance of these credits by utilising tools like as Amazon SageMaker and Amazon Bedrock. In addition, Amazon Web Services (AWS) will make available access to additional services, such as computing, storage, and database technologies, as well as specialised artificial intelligence chips, such as AWS Trainium and AWS Inferentia2.

Through the use of AWS's infrastructure and expertise, the programme will assist these entrepreneurs in scaling their artificial intelligence solutions on a worldwide scale.

According to Amitabh Nagpal, who is the Head of Startup Business Development at Amazon Web Services India, "Our commitment of $230 million and global expansion of the generative AI accelerator reflects our continued focus on supporting startups to develop, build, and scale their unique ideas using generative AI."

AWS Continues to Support Generative AI Startups

Through initiatives like as AWS GenAI Loft, which is a collaborative display space that was recently hosted in Bangalore to stimulate innovation in artificial intelligence, Amazon Web Services (AWS) continues to provide assistance to generative artificial intelligence (AI) businesses in India. It provided visitors with a one-of-a-kind platform to gather insights and investigate real-world uses of generative artificial intelligence across a variety of companies.

As of the year 2024, PitchBook Data, Inc. reports that 1,813 artificial intelligence and machine learning firms have brought in capital in India, totalling over 82 billion dollars in investments. Nevertheless, only 35% of generative AI companies worldwide have offices in locations other than their headquarters country, indicating that there is still room for improvement in the support of entrepreneurs in achieving their growth aspirations.

According to Brendan Burke, Senior Analyst, Emerging Technology Research at PitchBook, Asia-Pacific-based generative artificial intelligence startups have raised more than $2.5 billion in 2024, which is more than had been raised in the three years prior combined. In order to train personalised models based on one-of-a-kind cultural and linguistic data, developers and businesses are making the most of the chance.

Furthermore, renowned researchers in the field of artificial intelligence are currently working on a wide variety of transformer models in multimodal domains such as synthetic voice, interactive media, and three-dimensional graphics. AI applications of the future will be dependent on specialist model architectures, and in order for startups to realise their vision, they will require cloud infrastructure of the highest possible quality.