Deep Tide TechFlow news, on August 20, according to official news, AI startup Upstage, headquartered in Seoul, South Korea, raised $45 million from investors including Amazon (AMZN.O) and AMD (AMD.O) to accelerate the development of next-generation models and expand its business in the United States and Asia-Pacific. This funding brings Upstage's total financing to $157 million. Under the agreement, Upstage has agreed to use Amazon Web Services (AWS) as its cloud service provider for building and deploying foundational models. The company will also leverage AWS's machine learning infrastructure and custom-designed AI chips. Upstage was co-founded by Sung Kim in 2020, who previously led the AI development team at South Korea's largest internet company, Naver.

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