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Amazon is doubling value of credits for some startups to build on AWS as Microsoft cloud gains ground

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With Microsoft’s artificial intelligence technology drawing in more entrepreneurs to its cloud, Amazon wants to ensure that founders keep building on AWS.

Amazon Web Services is doubling the value of credits that some startups can use on its products from $100,000 to $200,000, CNBC has learned.

Matt Garman, who began running AWS in early June, told founders during a meeting in Silicon Valley this week that working with startups will always be a focus.

Amazon, which is best known for its massive online retail operation, derives most of its profit from AWS, a business it launched in 2006, well before rivals Microsoft and Google hit the scene. AWS leads the market, with $25 billion in revenue in the

 

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