Amazon Web Services (AWS) – Tech | Business | Economy https://techeconomy.ng Tech | Business | Economy Thu, 27 Feb 2025 16:11:08 +0000 en-GB hourly 1 https://wordpress.org/?v=7.0 https://techeconomy.ng/wp-content/uploads/2025/06/cropped-256Px-32x32.png Amazon Web Services (AWS) – Tech | Business | Economy https://techeconomy.ng 32 32 AWS Unveils Ocelot, Quantum Chip That Slashes Error Correction Costs by 90% https://techeconomy.ng/aws-unveils-ocelot-quantum-chip/ https://techeconomy.ng/aws-unveils-ocelot-quantum-chip/#respond Thu, 27 Feb 2025 16:11:08 +0000 https://techeconomy.ng/?p=153863 Amazon Web Services (AWS) has launched Ocelot, a new quantum computing chip designed to reduce the cost of quantum error correction. 

The chip, developed by the AWS Center for Quantum Computing in collaboration with the California Institute of Technology, is said to reduce these costs by up to 90% compared to existing methods.

This could help in creating fault-tolerant quantum computers that would tackle complex problems beyond what traditional computing systems can do.

A key feature of Ocelot is its innovative approach to quantum error correction. AWS researchers built the chip from the ground up with error suppression in mind, incorporating ‘cat qubits’—a type of qubit inspired by Schrödinger’s cat thought experiment.

These qubits naturally counteract certain types of errors, which in turn minimises the resources required for error correction. With the integration of cat qubits with additional error-correcting components on a microchip, AWS has managed to create a scalable design that can be produced using standard microelectronics manufacturing techniques.

Oskar Painter, AWS director of Quantum Hardware, stated, “With the recent advancements in quantum research, it is no longer a matter of if, but when practical, fault-tolerant quantum computers will be available for real-world applications. Ocelot is an important step on that journey.” 

He further explained that the architecture could make future quantum chips five times cheaper than current models, potentially speeding up the development of a practical quantum computer by several years.

Why Quantum Error Correction Matters

One of the biggest challenges in quantum computing is maintaining stability. Quantum systems are highly sensitive to external disturbances such as heat, electromagnetic interference, and even cosmic radiation.

These factors can cause qubits to lose their state, leading to computational errors. While traditional quantum error correction techniques involve encoding quantum information across multiple qubits to detect and fix errors, they require an enormous number of qubits, making them costly and complex.

Ocelot aims to overcome this limitation by embedding error correction directly into the chip’s design rather than adding it as an afterthought. “We looked at how others were approaching quantum error correction and decided to take a different path,” Painter explained.

We didn’t take an existing architecture and then try to incorporate error correction afterwards. We selected our qubit and architecture with quantum error correction as the top requirement.” 

According to him, this approach could require just a fraction of the resources typically needed for error correction, making scalable quantum computing more achievable.

How Ocelot Works

Ocelot consists of two stacked microchips, each measuring about one square centimetre, with superconducting materials forming its quantum circuits.

The chip features 14 core components, including five cat qubits responsible for computation, stabilising buffer circuits, and additional qubits for error detection. These qubits rely on high-quality oscillators made from a superconducting material called tantalum, which AWS scientists have optimised to enhance performance.

With quantum chip designs like Ocelot, AWS hopes to rev the real-world application of quantum computing. Potential uses range from drug discovery and material science to financial modelling and risk assessment. However, the chip is still in its prototype phase, and further research is needed to fully realise its prospect.

AWS is continually investing in quantum computing advancements, following a methodical approach similar to how it developed its Graviton processors for cloud computing.

We’re just getting started and we believe we have several more stages of scaling to go through,” Painter noted. “It’s a very tough problem to tackle, and we will need to continue investing in basic research while staying connected to important work being done in academia.”

For those interested in exploring quantum computing today, AWS offers Amazon Braket, a cloud-based service that provides access to various quantum computing platforms.

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Amazon Boosts AI Investment by 35% to $105 Billion for 2025 as Big Tech’s Spending Surge https://techeconomy.ng/amazon-boosts-ai-investment-by-35-to-105-billion-2025/ https://techeconomy.ng/amazon-boosts-ai-investment-by-35-to-105-billion-2025/#respond Fri, 07 Feb 2025 09:18:55 +0000 https://techeconomy.ng/?p=152707 Amazon has revealed plans to increase its capital expenditure (capex) to an estimated $105.2 billion in 2025, a 35% rise from the $78 billion spent in 2024. 

The majority of this investment will be directed towards artificial intelligence (AI) capabilities within its cloud division, Amazon Web Services (AWS), according to CEO Andy Jassy.

During the company’s fourth-quarter earnings call, Jassy explained that the $26.3 billion spent in Q4 2024 is a strong indicator of the annual spending trend for 2025. “Sometimes people make the assumption that if you’re able to decrease the cost of any type of technology component … that somehow it leads to less total spend in technology. We’ve never seen that to be the case,” he said, drawing parallels between AI adoption and previous technology booms, such as the rise of the internet and cloud computing.

Amazon’s aggressive AI spending contradicts reports that cheaper AI models would slow down investments in the sector. Instead, the company expects reduced costs to drive greater demand, benefiting AWS, which offers a broad range of AI-powered services.

Other major tech firms are making similar commitments. Meta is preparing to allocate at least $60 billion towards AI development in 2025, with CEO Mark Zuckerberg stating that the company plans to invest “hundreds of billions” in the long run due to rising AI demand across its platforms.

Alphabet has also increased its AI spending, boosting its 2025 capex by 42% to $75 billion. CEO Sundar Pichai defended the decision, asserting that declining AI costs “will make more use cases feasible.” Meanwhile, Microsoft is set to invest $80 billion in AI data centres next year, strengthening its focus on infrastructure that supports AI expansion.

With this vast investment sums into AI, Microsoft CEO Satya Nadella highlighted the economic principle of Jevons Paradox—the idea that lower prices often lead to higher demand—by sharing its Wikipedia page amid discussions on AI affordability.

Even with uncertainties about whether this pattern will hold true for AI, Big Tech is showing no signs of cutting back on AI investments. Instead, spending is accelerating, with each company thriving to take the top point in the next phase of AI-driven innovation.

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Bboxx Partners AWS to Optimise Customer Service with AI Integration https://techeconomy.ng/bboxx-partners-aws-to-optimise-customer-service-with-ai-integration/ https://techeconomy.ng/bboxx-partners-aws-to-optimise-customer-service-with-ai-integration/#respond Wed, 04 Dec 2024 12:49:42 +0000 https://techeconomy.ng/?p=148828 Bboxx, a provider of clean energy and digital solutions across Africa, has partnered with Amazon Web Services (AWS) to incorporate artificial intelligence into its operations. 

The collaboration will see Bboxx integrate AI into its proprietary Bboxx Pulse platform, aimed at enhancing customer experiences and improving operational efficiency.

The AI integration focuses on simplifying customer service processes by analysing and summarising customer data in real-time. 

This allows Bboxx’s customer service team to address queries more efficiently, reducing response times by an average of 2.5 minutes. The result is an estimated monthly saving of 5,000 customer service hours, alongside an improvement in customer satisfaction.

As one of the first African companies to adopt AI through AWS’s Generative AI Innovation Centre, Bboxx is driving the deployment of advanced technological solutions. 

The integration of AI builds upon existing tools in the Bboxx Pulse Insights suite, such as credit scoring and behavioural analytics, which have already brought about good successes. For example, integrating credit scoring tools has led to a 15% increase in collection rates, further strengthening Bboxx’s operations.

Speaking on the development, Anthony Osijo, CEO of Bboxx, said: “Through our partnership with AWS, we are empowering our teams to deliver faster, more efficient service, benefiting both our customers and employees. This step marks another milestone in our mission to improve lives through technology.”

The partnership comes after months of rigorous testing and collaboration with AWS to ensure the AI integration delivers secure and reliable outcomes. AWS has documented the project in a detailed case study, showcasing its prospects to inspire further innovation across the continent.

Sri Elaprolu, Director of AWS Generative AI Innovation Centre, commended the partnership, stating: “The integration of AWS’s AI services into Bboxx Pulse exemplifies how AI can drive operational efficiency and transform customer experiences. We are proud to support Bboxx’s mission of improving lives and advancing sustainable solutions in Africa.”

This AI integration is the first of several innovations planned by Bboxx to optimise its operations. Future initiatives include developing AI-powered tools for daily planning, which will assist over 2,000 field staff and agents, further improving productivity and business performance.

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Visa Invests in Four African Fintech Startups from Inaugural Accelerator Program https://techeconomy.ng/visa-invests-in-four-african-fintech-startups-from-inaugural-accelerator-program/ https://techeconomy.ng/visa-invests-in-four-african-fintech-startups-from-inaugural-accelerator-program/#respond Wed, 06 Nov 2024 14:24:57 +0000 https://techeconomy.ng/?p=147131 Digital payments giant Visa has made strategic investments in four startups from the inaugural cohort of its Visa Africa Fintech Accelerator program. 

These investments reiterate Visa’s focus on facilitating digital innovation in Africa, driving fintech growth, and enhancing financial inclusion across the continent. 

The four startups, operating across multiple African countries are: 

  • Oze, a Ghana-based startup providing digital record-keeping tools and embedded finance products to SMEs. The company helps businesses manage transactions, access affordable capital, and attain growth. Additionally, the startup offers a Loan Management System (LMS) for financial institutions, featuring machine learning-based credit scoring to enhance lending decisions and expand access to credit for MSMEs.
  • Workpay, a HR tech firm headquartered in Kenya. The company offers a comprehensive cloud-based payroll and HR platform that manages the entire employee lifecycle, enabling payroll processing, time tracking, employee benefits administration, performance management and Employer of Record services in more than 35 countries across Africa.
  • OkHi based in Nigeria, is a smart addressing system that provides digital address verification, enabling businesses to collect, verify, and navigate to accurate addresses, thereby improving delivery efficiency and access to financial services.
  • ORDA, a cloud-based restaurant software company digitizing over 1,500 restaurants across Nigeria, Kenya, and South Africa with tools for order processing, inventory management, and financial services to optimize operations and fuel growth.

Graduates of the second cohort of the program will have the opportunity to present their innovative capabilities during a Demo Day set to take place on December 2nd in Cape Town, South Africa, to an audience of venture capitalists, angel investors, ecosystem enablers and business partners.

The Visa Africa Fintech Accelerator program – is a three-month intensive program that supports Seed to Series A start-ups by offering 1:1 mentorship, training, and exclusive opportunities for funding and partnership. 

Launched in 2023, it aligns with Visa’s pledge to invest $1 billion in the continent by 2027, helping to uplift and bolster its digital transformation.

Godfrey Sullivan, senior vice president of Products, Partnerships and Digital Solutions for Visa CEMEA, said “These investments mark a substantial step for Visa – we are once again standing behind our commitment to innovation in Africa, helping to shape the future of digital payments alongside some of the brightest fintech minds that the continent has to offer. Visa sees each investment as a unique opportunity to drive financial access and inclusion, and we are proud to support these start-ups as they realize their vision for a more connected Africa.”

Meghan McCormick, chief executive officer at Oze commented: “This investment marks the latest pivotal moment in our journey, enabling us to scale our innovations to continue supporting MSMEs across Africa – something that both we and our shareholders are truly passionate about.”

Timbo Drayson, co-founder and CEO of Okhi commented:  “We are thrilled to welcome Visa onboard as we continue to disrupt the industry and redefine what’s possible through our identity verification solutions. The future is bright, and partnerships like this help us take a step forward toward achieving our vision.”

Guy Futi, co-founder of ORDA commented: “We are proud to have an established payments leader such as Visa be part of our growth journey. We see this investment as a mark of trust in our vision. We look forward to driving innovation together, one order at a time.”

Paul Kimani, co-founder and CEO of WorkPay commented: “We are happy to have Visa in our corner. As a trusted leader in digital payments, Visa’s support pushes us toward our goal of delivering innovative solutions and streamlining backend processes for all.”

Additional investments and commercial partnerships with the program’s graduates are being finalized and will be announced soon.

The Visa Africa Fintech Accelerator program is supported by Amazon Web Services (AWS), which offers free cloud services to cohort participants. 

Companies interested in Africa are invited to join and contribute to developing the next generation of fintech innovators, experiencing the transformative power of these partnerships.

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Amazon Commits $230 Million Investment in Generative AI Startups Globally https://techeconomy.ng/amazon-commits-230-million-investment-in-generative-ai-startups-globally/ https://techeconomy.ng/amazon-commits-230-million-investment-in-generative-ai-startups-globally/#comments Fri, 14 Jun 2024 09:25:18 +0000 https://techeconomy.ng/?p=134008 Amazon Web Services (AWS) has announced a $230 million commitment to support generative AI startups worldwide. 

Aimed at accelerating the development and market introduction of innovative AI applications, Amazon will provide startups with essential resources and mentorship through the investment.

AWS, the cloud computing arm of Amazon.com, Inc., will provide early-stage AI startups with a mix of AWS credits, hands-on expertise, and education to enhance their AI and machine learning capabilities. 

This initiative includes funding for the second cohort of the AWS Generative AI Accelerator program, which supports up to 80 promising startups each year. 

Each selected startup will receive up to $1 million in AWS credits to access various AWS services, including advanced AI tools and high-performance chips like AWS Trainium and Inferentia2.

Matt Wood, Vice President of AI Products at AWS, commented on the importance of this initiative. “AWS has a long history of empowering startups to innovate and scale. With this new effort, we’re providing the necessary building blocks for these startups to create transformative AI applications that will revolutionize industries and everyday life,” Wood stated.

The AWS Generative AI Accelerator program is designed to boost innovation across different sectors, from healthcare and financial services to entertainment and climate change. 

Participants will benefit from a comprehensive 10-week program, including sessions on machine learning performance, optimization strategies, and market approaches. Mentorship from industry experts will also be received, along with access to NVIDIA’s resources through the NVIDIA Inception program.

Successful graduates of the program will have the opportunity to showcase their solutions to potential investors, customers, and partners at AWS re:Invent 2024 in Las Vegas. This exposure is expected to enhance their market presence and attract further investment.

Startups looking to join the program can apply until July 19, with the selection announcement scheduled for September 10. The program will commence on October 1 with in-person sessions at Amazon’s Seattle campus.

The initiative comes as competition is on a continuous increase, major cloud providers like Microsoft Azure and Google Cloud are vying to attract AI-driven enterprises by offering similar credits and support. Amazon’s commitment to AI startups also aligns with its cloud credits expansion which will include models from leading AI companies like Anthropic and Meta.

With a 17% revenue increase in the first quarter of the year, surpassing analyst expectations, AWS’s recent financial performance is highly a good one. 

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AWS Launches Deadline Cloud to Enhance Content Rendering Pipelines https://techeconomy.ng/aws-launches-deadline-cloud-to-enhance-content-rendering-pipelines/ https://techeconomy.ng/aws-launches-deadline-cloud-to-enhance-content-rendering-pipelines/#comments Tue, 02 Apr 2024 21:05:38 +0000 https://techeconomy.ng/?p=128316 Amazon Web Services (AWS) has launched a new service called AWS Deadline Cloud, designed to enhance content rendering workflows for media and entertainment studios, architectural firms, and engineering companies. 

This fully managed service enables users to set up and scale cloud-based render farms in minutes, striking out the need for complex on-premises infrastructure management.

Creating high-resolution content, like visual effects (VFX) for films and 3D models for architectural renderings, necessitates significant computing power. 

Traditionally, studios addressed this challenge by building and maintaining expensive, on-premises render farms – clusters of computers working together to process rendering jobs. 

These farms were time-consuming and costly to set up, requiring upfront investments and ongoing maintenance. Additionally, scaling capacity to handle fluctuating workloads was often cumbersome.

AWS Deadline Cloud strikes out these complexities. Users can access a web portal to effortlessly create and manage render farms, integrating them seamlessly with existing workflows. 

The service offers scalability, allowing users to adjust resources based on project requirements. Pay-as-you-go pricing ensures users only pay for the resources they utilize.

AWS Deadline Cloud was built with features designed to enhance content creation workflows. With rapid deployment, users no longer have to wait for weeks of on-premises setup, but can establish a cloud-based render farm in minutes. 

Flexibility is ensured through on-demand scalability, allowing users to adjust compute resources to perfectly match project requirements and avoid wasted resources. Cost-effectiveness is achieved through a pay-as-you-go model, eliminating upfront hardware investments and keeping users from paying for unused resources. 

Management is simplified through a user-friendly web portal for managing render farms, queues, and fleets. Additionally, seamless integration with popular DCC tools like Maya, Nuke, and Houdini removes the need for complex workarounds, and budget management features allow users to track rendering costs and optimize resource allocation for maximum efficiency.

Industry leaders like Animaj, Company 3, and SideFX are already leveraging AWS Deadline Cloud to transform their content creation pipelines. Animaj reports a seven-fold increase in deployment speed, enabling faster project completion and innovation. 

While Company 3 highlighted the flexibility of managing both on-premises and cloud-based rendering resources, SideFX noted the seamless integration with Houdini, allowing artists to focus on creative endeavors rather than managing rendering workflows.

AWS Deadline Cloud is now available in multiple regions around the world. To get started, users can visit the AWS Deadline Cloud console and explore the comprehensive user guide for detailed instructions.

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Endpoint Protection Platforms: Sophos Positioned a Leader in the 2023 Gartner Magic Quadrant for 14th Consecutive Time https://techeconomy.ng/endpoint-protection-platforms-sophos-positioned-a-leader-in-the-2023-gartner-magic-quadrant-for-14th-consecutive-time/ https://techeconomy.ng/endpoint-protection-platforms-sophos-positioned-a-leader-in-the-2023-gartner-magic-quadrant-for-14th-consecutive-time/#respond Tue, 16 Jan 2024 10:48:43 +0000 https://techeconomy.ng/?p=122808 Sophos, a global leader in innovating and delivering cybersecurity as a service, today announced that it is positioned as a Leader in the 2023 Gartner Magic Quadrant for Endpoint Protection Platforms (EPP), marking the 14th consecutive time the company has been a Leader in the report.

“We believe Gartner recognized Sophos again, due to our market-leading and flagship EPP solution, a Leader in this Magic Quadrant because we are consistently innovating our protection-first technologies to defeat current and changing cyberattacks,” said Raja Patel, chief product officer at Sophos. “Security vendors cannot stay static. There’s too much at stake. Adversaries will always look for the easiest and newest ways to avoid detection or take advantage of misconfigurations and other security gaps to reach their endgame. That’s why we always prioritize adaptive and preventative EPP defenses for our customers.”

Sophos Intercept X defends more than 300,000 organizations from ransomware, exploited software vulnerabilities and other modern cyberattacks, and leverages deep learning artificial intelligence (AI) to enhance protections.

Intercept X includes the industry-first Adaptive Attack Protection, which automatically disrupts in-progress attacks and dynamically puts “shields up” to give defenders valuable additional time to respond to an intrusion.

The Account Health Check capability also identifies security posture drift and misconfigurations, and provides the ability to remediate these issues with one click.

Sophos Intercept X with Extended Detection and Response (XDR) integrates telemetry sources from numerous technology and security providers, including Microsoft, Amazon Web Services (AWS), Google, CrowdStrike, Palo Alto Networks, Cisco Systems, Fortinet, Check Point, Duo, Proofpoint, Darktrace, and many others, through the Sophos Marketplace.

Enhanced security operations and analyst workflow and case management features collate redundant alerts, offer complete visibility from a single console and reduce workloads with automated responses.

Already this year, Sophos was named a Customers’ Choice in the Gartner Peer Insights Voice of the Customer for Endpoint Protection Platforms (EPP) report. Sophos was the only vendor recognized as a Customer’s Choice across EPP, managed detection and response (MDR), network firewalls, and mobile threat defense.

Like Intercept X, Sophos MDR is recognized and is the most reviewed MDR solution on Gartner Peer Insights and G2.

As the most widely used MDR offering with more than 19,000 customers, Sophos MDR is the only MDR service that can be delivered across end users’ existing third-party security deployments as well as Sophos offerings.

Managed in the cloud-native Sophos Central platform, Sophos’ portfolio solutions are part of the Sophos Adaptive Cybersecurity Ecosystem, where security data is collected, correlated and enriched with additional context to enable automatic and synchronized responses to active threats.

This platform is further optimized by Sophos X-Ops real-time and historical threat intelligence and expertise.

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Amazon Boosts Its AI Prowess with $4 Million Investment in Startup https://techeconomy.ng/amazon-boosts-its-ai-prowess-with-4-million-investment-in-startup/ https://techeconomy.ng/amazon-boosts-its-ai-prowess-with-4-million-investment-in-startup/#respond Mon, 25 Sep 2023 13:46:45 +0000 https://techeconomy.ng/?p=113987 Amazon is ramping up its commitment to the world of artificial intelligence (AI) with a substantial investment of $4 million in Anthropic, an AI startup. 

This strategic partnership aims to further advance the development of safer generative AI technologies. Focused on expediting the development of Anthropic’s future foundation models and extending their accessibility to Amazon Web Services (AWS) customers, the agreement encompasses several key components.

Anthropic will harness AWS Trainium and Inferentia chips to construct, train, and deploy its upcoming foundation models. This move leverages the price, performance, scale, and security advantages of AWS. Furthermore, the two companies will collaborate on the evolution of Trainium and Inferentia technology.

AWS will become the primary cloud provider for Anthropic, particularly for mission-critical tasks such as safety research and foundation model development. Anthropic plans to migrate the majority of its workloads to AWS, thereby benefiting from the cutting-edge technology offered by the world’s leading cloud provider.

Anthropic commits to providing AWS customers worldwide with access to future iterations of its foundation models through Amazon Bedrock, AWS’s fully managed service that offers secure access to top-tier foundation models. Additionally, Anthropic will grant AWS customers early access to unique features for model customization and fine-tuning.

The partnership heralds exciting possibilities for both companies. Amazon developers and engineers will gain access to Anthropic models through Amazon Bedrock, enabling them to incorporate generative AI capabilities into their projects. This move is poised to enhance existing applications and cultivate entirely new customer experiences across Amazon’s diverse business ventures.

Amazon CEO Andy Jassy expressed his optimism about the collaboration, emphasizing the potential of Amazon Bedrock and AWS Trainium to deliver enhanced value to customers. He stated, “Customers are quite excited about Amazon Bedrock, AWS’s new managed service that enables companies to use various foundation models to build generative AI applications on top of, and our collaboration with Anthropic should help customers get even more value from these two capabilities.”

Dario Amodei, Co-founder and CEO of Anthropic, echoed this sentiment, highlighting the significance of using AWS’s Trainium chips to develop future foundation models. The partnership expansion builds upon Anthropic’s earlier support of Amazon Bedrock and aims to unlock new possibilities for organizations of all sizes.

Anthropic has rapidly evolved into a global leader in foundation model provision and a staunch advocate for the responsible deployment of generative AI. Their foundation model, Claude, excels in a wide array of tasks while maintaining reliability and predictability. Claude’s impressive capabilities span industries from manufacturing and aerospace to finance, legal, and healthcare. Customers have reported a higher degree of control and reliability with Claude compared to other foundation models.

The partnership’s resources will assist customers in harnessing the potential of Claude and Claude 2 on Amazon Bedrock. These AI models are already transforming industries such as travel, asset management, and legal services. With early access to model customization features and fine-tuning capabilities, customers can further tailor these models to their specific needs.

The collaboration between AWS and Anthropic marks another significant step in AWS’s generative AI offerings. Customers can access a wide range of foundation models, customize them to protect their data privacy, and seamlessly integrate them into their AWS workloads through Amazon Bedrock. The partnership strengthens AWS’s position across all layers of the generative AI stack, including hardware, foundation models, and applications and services.

As part of this collaboration, AWS and Anthropic are dedicating substantial resources to help customers leverage Claude and Claude 2 on Amazon Bedrock. The AWS Generative AI Innovation Center will provide support for organizations of all sizes, enabling them to develop innovative AI-powered applications and drive transformation within their businesses.

Both Amazon and Anthropic are active advocates for the responsible development and deployment of AI technologies. They participate in numerous organizations and initiatives, including the OECD AI working groups, GPAI, the Partnership on AI, ISO, NIST, and the Responsible AI Institute. Their commitment to fostering AI’s safe, secure, and responsible advancement is further exemplified by their voluntary commitment to support ethical AI development.

This partnership signifies Amazon’s dedication to enhancing its AI capabilities, making AI accessible and responsible. The future of generative AI holds exciting prospects for AWS customers and beyond.

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AWS Empowers Africa’s Workforce with First-Ever Skills Center in Cape Town https://techeconomy.ng/aws-empowers-africas-workforce-with-first-ever-skills-center-in-cape-town/ https://techeconomy.ng/aws-empowers-africas-workforce-with-first-ever-skills-center-in-cape-town/#respond Wed, 16 Aug 2023 14:58:40 +0000 https://techeconomy.ng/?p=110633 Amazon Web Services (AWS) has taken a significant step toward empowering the African workforce with the inauguration of its first international AWS Skills Center in Cape Town, South Africa. 

The goal is targeted at making cloud skills training accessible and fostering innovation in the region. A part of Amazon’s broader mission to provide free digital skills training to millions globally, the AWS Skills Center offers a range of learning experiences aimed at equipping individuals from all walks of life with cloud computing expertise.

As the popularity of remote work and cloud technology continues to surge, AWS is bridging the knowledge gap and providing hands-on learning opportunities that exist in the continent. The AWS Skills Center in Cape Town stands as a dedicated space where curious minds can explore cloud computing, grasp career prospects within the industry, and cultivate the skills required to achieve their professional goals.

The opening of the center was celebrated with enthusiasm by local community leaders, educators, government officials, and job seekers. The facility provides a nurturing environment for individuals of diverse backgrounds to delve into the world of cloud technology, with immersive exhibits, training sessions, and community events that highlight the impact of cloud computing on various sectors.

AWS Empowers Africa's Workforce with First-Ever Skills Center in Cape Town
The new AWS Skills Center in Cape Town, South Africa, features eight immersive exhibits where visitors can explore real-world cloud applications

A Collaborative Hub for Learning

Cape Town’s AWS Skills Center joins its counterparts in Seattle and Arlington, Virginia, to offer a host of free training and educational activities to the public. Designed to engage and educate, the center’s features include:

  • Immersive Exhibits: Visitors are treated to eight interactive exhibits that showcase the role of cloud technology in fields ranging from space exploration to gaming and machine learning.
  • Instructor-Led Training: Both in-person and virtual participants have the opportunity to engage in live, instructor-led training sessions led by AWS experts. These sessions cover fundamental cloud computing concepts.
  • Certification Preparation: Aspiring cloud practitioners can leverage the center’s resources to prepare for the AWS Certified Cloud Practitioner certification, a valuable industry credential that enhances employability.
  • Career Coaching and Networking: The center not only imparts knowledge but also facilitates connections with local employers and workforce development organizations. This networking helps learners access job placement opportunities and career advice.

Empowering the African Workforce

The establishment of the AWS Skills Center in Cape Town reflects a broader initiative to nurture a skilled cloud workforce and bridge the skills gap. According to the 2023 World Economic Forum’s Future of Jobs Report, organizations identify skills gaps and a lack of access to talent as key barriers to industry transformation. As the adoption of technologies like big data, cloud computing, and artificial intelligence surges, the demand for skilled individuals grows exponentially.

To meet this demand, AWS has been diligently training South Africans in cloud skills since 2017, with over 100,000 individuals benefiting from both free and paid training programs. The AWS Skills Center in Cape Town signifies Amazon’s dedication to expanding the reach of cloud education and achieving its goal to offer free digital skills training to millions by 2025.

Amazon Web Services’ launch of the AWS Skills Center in Cape Town marks a significant milestone for cloud education in Africa. The provision of accessible, comprehensive training in cloud computing points to AWS not only unlocking opportunities for individuals but also contributing to the continent’s digital transformation. 

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Apply: Amazon Launches AWS FinTech Africa Accelerator for African FinTech companies https://techeconomy.ng/apply-amazon-launches-aws-fintech-africa-accelerator-for-african-fintech-companies/ https://techeconomy.ng/apply-amazon-launches-aws-fintech-africa-accelerator-for-african-fintech-companies/#comments Fri, 24 Mar 2023 12:16:16 +0000 https://techeconomy.ng/?p=98375 Amazon Web Services (AWS) has launched AWS FinTech Africa Accelerator for fintech companies in Africa.

Powered by AWS Startup Loft Accelerator, the equity-free program focuses on supporting early-stage startups with technology, product development, go-to-market advice and funding ready strategies.

The online 10-week program leverages the best of Amazon’s infrastructure and partner network to support pre-seed and seed stage FinTech startups developing their projects in Africa.

Benefits

  • Up To $25,000 in AWS Activate Credit: Up to $25K to spend on AWS services, a free one-year AWS Business Support subscription for up to $5K and more!
  • Technology Fast-Track: Tech resources, guidance and a community of peers. From technical deep dives to round tables on day-to-day CTO challenges
  • Funding Preparation: Become funding-ready with hands-on workshops and concrete use cases and validate your strategy, pitch deck and storytelling
  • Alumni Community: The community brings together all program members, including alumni founders for both CEOs and CTOs
  • Partner Offers & Special Discounts: Access to credits, valuable discounts & offers from AWS Partners for accepted teams
  • Cloud Support: 1:1 meetings with AWS Solution Architects and access to product, regulatory & compliance, security specialists
  • Business Boost: 1:many sessions, workshops and 1:1 mentor meetings with subject-matter experts and advisors
  • Marketing & PR: Media exposure and coverage for selected teams
  • Global Network: Benefit from the extensive AWS network of industry leaders, technology experts, serial entrepreneurs, investors, startup organizations and advisors
  • Fundraising Support: Fundraising tools & support along with access to wide network of global leading VC funds
  • Up To 90% Off: Up to 90% off on HubSpot for eligible startup teams
  • €15.000 Credits: Stripe Credits: €15.000 for all applicants!
  • $3000 Credits: For annual Business Plan for up to 25 users with access to unlimited video recordings & more features for all teams!
  • $50.000 Credits: $50.000 on the Mixpanel Growth Plan for all applicants!
  • $1000 Credits: $1000 in credits for all-in-one Notion workspace for all applicants!
  • 6 Months For Free: Get 6 months of Zendesk Suite for Customer Service and Sales CRM for free and 15% off first annual subscription!

Eligibility 

To be eligible for the AWS FinTech Africa Accelerator programme, the following criteria list be met: 

  • All startups with FinTech specialization located in Africa can take part in the Accelerator
  • There are 3 scenarios acceptable to take a part in the Accelerator:
    1. Startup will build the Project on AWS infrastructure using at least one of AWS services
    2. Project was built before on AWS and is live
    3. Project was built before on any other platform and will be migrated to AWS during the Acceleration program. In case of migration from on-premise, hosting or other cloud platforms, AWS has dedicated migration programs for the support that Participants can use

Organizational terms of participation are: 

  • The condition for participation in the Accelerator is to submit a complete Application by filling in the Application Form correctly and confirming it by clicking the button “Submit” available in the “My applications” section on Participant’s Account. In case of a juvenile, the application can be submitted only by his/her statutory representative. Any consents described hereunder given by a statutory representative refer to the juvenile.
  • Applications can be submitted only electronically (online) via Registration to the Accelerator at website. Startups will receive a confirmation of Participation in the Accelerator via email.
  • Filling in the Application Form and attaching needed documents require providing personal details which include name, surname, e-mail address and other details.
  • Submitting the Application for the participation in the Accelerator constitutes the acceptance of the Terms of Participation available on the website and the Participant’s commitment to follow them.

How to apply

Are you a fintech company that meets the above criteria? Then apply for the AWS FinTech Africa Accelerator, before the deadline on Thursday, April 27, 2023.

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