Startups

Amazon Web Services (AWS) announced supports for early-stage start-ups worth $230m as it looks to fund the second cohort of its generative AI accelerator.

Google has announced an investment of $8 million aimed at supporting both Israeli tech firms and Palestinian businesses.

IBM create investment for start-ups including Salesforce, Workday, OpenAI and Amazon for developing generative AI with its new $500m venture fund.

Microsoft extending the Startup Founders Hub with free resources including Azure credits, with a new incubator program called Pegasus Program.

Amazon has another AI accelerator – this time led by Amazon Web Services with a focus on the newest zeitgeist: generative artificial intelligence.

Microsoft plans to collaborate with the Indian space agency to give Indian space tech startups free access to Azure and other Microsoft cloud services.

MDEC has revealed a new programme called IdeaKita that focuses on helping new entrepreneurs to increase contribution from digital economy.

Microsoft Startups Founders Hub generally available and eased the eligibility criteria for the program, providing benefits such as funding.

Penang government launched its fourth seed fund of RM1 million for tech startups in Malaysia. Penang i4.0 Seed Fund initiative started in 2018.

US high performance chip maker Nvidia it has landed more deals with Chinese electric vehicle (EV) makers that want to use the company’s technology.