Amazon AWS is offering eligible startups $200,000 in cloud credits, double the previous amount available, as part of the AWS Activate program. This increase in credits is aimed at fostering innovation among early-stage companies that have recently raised Series A funding. The credits can be used for Amazon cloud computing resources to help startups scale their businesses more efficiently. The announcement was communicated to venture investors by email and comes as Matt Garman takes on the role of CEO of AWS, emphasizing that partnering with startups is a core focus for the company. AWS has also extended the credit maturity from one year to three years, providing startups with more flexibility to grow their businesses. Currently, 280,000 startups are using AWS infrastructure, with 96% of AI and ML unicorns running on it. While the increased computing power is good news for startups, some have criticized Amazon for attempting to increase its monopoly in the cloud market by enticing businesses to use its services. Microsoft also offers significant incentives, such as up to $350,000 in Azure credits for startups in programs like Y Combinator.
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