OpenAI signs $38B deal with Amazon
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Overall, Amazon's revenue rose by 13% year over year to $180.2 billion, which came in above the $177.8 billion analyst consensus, as compiled by LSEG. Earnings per share climbed 36% to $1.95, which easily surpassed analyst expectations of $1.57.
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Here's what experts say the Amazon Web Services outage reveals about the fragility of the cloud
Experts say the incident revealed what can happen when a such a broad spectrum of companies rely on singular cloud provider.
User complaints surged on tracking site DownDetector just after noon Eastern time, with most reports concentrated in the company’s US-EAST-1 region.
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AWS Outage That Took Down Internet Came After Amazon Fired Tons of Workers in Favor of AI
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.
Amazon will report earnings after the closing bell on Thursday. Analysts want updates on AI progress, AWS, and retail margins.
The cloud-computing division of the internet giant is used by thousands of internet customers, many of whom reported disruptions on Monday.
Amazon says the constraint right now is power, not chips; it’s giving plenty of the latter to OpenAI. Then, Amazon solves groceries by getting faster tat delivering everything else.
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.