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.

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

OpenAI has entered into a multi-year agreement with AWS valued at approximately US$38 billion, designed to power its next-generation AI infrastructure.

Amazon posted higher fiscal third quarter profit and sales compared with a year ago, fueled by accelerating growth in its cloud computing business and strong spending by its customers looking for low prices at a time when inflation is resurging.

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

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.

An Amazon Web Services outage impacting Amazon's own services and as well as apps around the world wasn't resolved until Monday evening.`

Cipher MiningCIFR announced a long-term deal with AmazonAMZN.IREN and CIFR stocks soared, but closed off intraday highs. Other bitcoin miners-turned-AI plays rallied.Please watch the video at Investors.