AWS is significantly bolstering its commitment to fostering artificial intelligence (AI) innovation among Australian startups through a series of newly launched and expanded initiatives. Recent research commissioned by AWS shows that a considerable 81% of Australian startups are actively utilising AI, with 42% focused on developing new AI-driven products and services, and 53% integrating AI into core business functions. This high adoption rate positions Australia ahead of many global regions; for instance, AI usage in European startups averages only 68%, and merely 37% are in the process of creating AI-focused offerings.

Central to AWS’s strategy is the introduction of AI Spring Australia, a flagship programme designed to enhance the AI capabilities of customers and partners across various sectors. This initiative aims to streamline the adoption of AI and generative AI solutions, further aligning with the Australian Government’s National AI Capability Plan, which aspires to increase AI investment and propel the country as a leader in this technology space. The programme complements ongoing initiatives, such as AWS Activate, which has historically provided cloud credits, training, and networking resources to startups, contributing over USD $7 billion in credits globally over the past decade.

The launch of AI Spring Australia coincides with a broader projection from Goldman Sachs, estimating that generative AI could potentially contribute around AUD $15 billion annually to the Australian economy by 2030, representing between 2% and 5% of the total economic output. By leveraging its extensive technical infrastructure and AI tools, AWS is determined to catalyse this sector’s growth, facilitating increased productivity and operational efficiencies within local businesses.

As part of this commitment, AWS is supporting two key programmes: the AWS Generative AI Accelerator, which has seen five Australian startups—Relevance AI, Contact Harald, Marqo, Splash Music, and Leonardo AI—benefit from mentorship and significant AWS credit opportunities to accelerate their AI projects. These startups have the chance to showcase their innovations at prestigious events like the AWS re:Invent conference, further enhancing their visibility on a global scale.

Additionally, AWS has recently announced a planned AUD $13.2 billion investment in its cloud infrastructure across Australia by 2027. This investment is anticipated to generate an economic impact of AUD $35 billion and create approximately 11,000 jobs within local vendor companies. Such measures underscore AWS’s aim to soundly position Australia within the global AI landscape, with Rianne Van Veldhuizen, Vice President and Managing Director of AWS Australia and New Zealand, stating that “Australia already has a rich culture of ambitious thinking, experimentation, and hard work,” affirming the company’s commitment to nurturing local AI talent.

Adding to the collaborative fresh wave in AI, AWS’s steps are also echoed in initiatives aimed at micro, small, and medium-sized enterprises (MSMEs), which could unlock AU$9.3 billion and support 1.4 million jobs by 2030. These ongoing initiatives underscore the potential social and economic benefits of AI, with companies gearing up to tackle enduring challenges within various industries from healthcare to education.

Overall, through comprehensive support programmes and substantial financial commitments, AWS is not only aiming to enhance local AI capabilities but also to create an ecosystem that encourages innovation, aiming for Australia to emerge as a significant player in the global AI narrative.

📌 Reference Map:

Source: Noah Wire Services