OpenAI has come to terms on a massive 7-year, $38 billion deal with Amazon Web Services to secure cloud computing capabilities needed to power its suite of advanced AI tools such as ChatGPT and

Experts say the incident revealed what can happen when a such a broad spectrum of companies rely on singular cloud provider.

Amazon.com will supply OpenAI with cloud computing services under a multi-year $38 billion deal, giving the ChatGPT maker access to hundreds of thousands of Nvidia graphics processors to train and run its artificial intelligence models.

Amazon Web Services can feel overwhelming, with dozens of tools and products covering everything from computing and storage to AI and security. This video simplifies it all by breaking down over 50 AWS services - clearly and efficiently - in just 10 minutes.

We have crunched the numbers and here is our best estimates about Amazon’s share price through the rest of the decade.

Amazon's stock popped 13% on Thursday afternoon, fueled by huge Q3 growth at AWS. The earnings call with analysts is scheduled for 5 p.m. ET.

User complaints surged on tracking site DownDetector just after noon Eastern time, with most reports concentrated in the company’s US-EAST-1 region.

Andy Jassy explains Amazon’s 14,000 layoffs, buying Nvidia chips, upcoming Trainium3 AI chips, AWS capacity and sales growth, and its Bedrock AI agent platform.

When Amazon Web Services suffered an outage on Monday morning, it practically took down the internet with it. There went all of Amazon’s services, from its shopping hub to its Ring doorbell cameras. ChatGPT went quiet. “Smart” mattresses became unsleepable. Video games like Fortnite blinked out, as did platforms like Snapchat and banking apps.

On Wednesday Amazon announced the completion of its data-center initiative Project Rainier, which will primarily be used to service Anthropic's compute needs. The company expects Anthropic's Claude to be using over one million of Amazon's custom Trainium2 chips by year-end.

Cipher Mining signed a $5.5 billion, 15-year lease with AWS to provide AI infrastructure, bringing total hosting contracts to $8.5 billion.