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At Microsoft, we perceive the unbelievable potential of AI and the important position that startups play in shaping and turning into the businesses of the long run. Immediately, we’re excited to announce our help of Alt Capital’s Generate Program that can provide startups of their new accelerator (launching in Could) the chance to innovate and develop with entry to innovative AI instruments on the Microsoft platform.
What units Alt Capital aside is its devoted give attention to B2B options—a discipline the place Microsoft’s experience can actually add worth. This partnership presents an distinctive alternative for us to additional empower startups specializing in B2B AI options, fueling innovation, and fostering progress on this essential sector.
“We’re thrilled to be partnering with Microsoft on the brand new Generate program. In fact, it’s nice to deliver the extra monetary assets to Generate firms, however extra importantly we’re excited for the experience, community, and distribution they signify as a world chief in each AI and B2B software program,” Jack Altman, Alt Capital, Former CEO, Lattice.
Applications are now open for the Alt Capital Generate program, the place chosen contributors will obtain:
- A $250,000 funding, uncapped (MFN SAFE.)
- Free Azure AI infrastructure together with as much as $350,000 in Microsoft Azure credit together with most well-liked entry to high-end GPU digital machine clusters and Microsoft Go-To-Market help.
- The chance to be taught from a stellar lineup of advisors and visiting companions.
- Networking and improvement alternatives, together with buyer improvement occasions, a hiring day connecting startups with prime expertise, and an investor day to facilitate connections with high-quality buyers.
- The deadline to use is Could fifth, 2024, and this system is scheduled to start on Could twenty seventh.
In November, Microsoft for Startups announced the supply of Azure AI infrastructure for high-end GPU digital machine clusters to be used in coaching and working giant language fashions and different deep studying fashions. Since we made these assets accessible, we’ve expanded entry to Y Combinator, M12, AI Grant Fund, Alchemist Accelerator, Conviction, The House Fund, Open AI Startup Fund, Neo, AI investor Elad Gil, and immediately, Alt Capital.
We acknowledge the challenges that early-stage startups face in constructing the required technical infrastructure for AI improvement. These hurdles, together with securing computing assets and establishing scalable structure, may be each expensive and complicated. By offering entry to cutting-edge expertise and infrastructure, we goal to speed up the event of the following era of groundbreaking firms, drive constructive change, and form the way forward for AI.