09:23 AM EDT, 04/02/2024 (MT Newswires) -- Amazon.com's ( AMZN ) cloud computing platform Amazon Web Services has extended free credits to startups, allowing them to use major artificial intelligence models like Anthropic and aiming to boost its AI platform Bedrock's market share, Reuters reported Tuesday, citing Amazon Web Services vice president and global head of startups Howard Wright.

Other models that startup customers can use as part of the initiative include Meta, Mistral AI, and Cohere, according to the report.

Amazon's ( AMZN ) free credit would contribute to Anthropic's revenue, a popular Bedrock model, Wright told Reuters.

Amazon ( AMZN ) did not immediately respond to MT Newswires' request for comment.

The company's shares were down 0.8% in Tuesday premarket activity.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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