Meta Platforms Inc. (META) and Amazon Web Services (AWS) are launching a $6 million initiative to attract 30 U.S. startups to develop AI applications using Meta’s open-source Llama model. Each selected startup will receive $200,000 in AWS cloud credits and six months of technical support. AWS VP Jon Jones emphasized the program’s goal to empower founders in creating transformative AI solutions with Llama. This collaboration is part of Meta CEO Mark Zuckerberg’s extensive investment in AI, as he recruits top talent and aims to establish Llama as an industry-standard. The initiative also illustrates the ongoing split between open-source and closed-source AI models, with Zuckerberg advocating for open-source development as essential for a positive AI future. As startups adopt Llama for various applications, this program could create long-term revenue for AWS. The timing is crucial, given Meta’s current legal challenges and competitive pressures.
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Meta and AWS Launch $6 Million Initiative to Compete with OpenAI and Position Llama as the Preferred AI Model for Developers – Meta Platforms (NASDAQ:META), Amazon.com (NASDAQ:AMZN)

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