Amazon and Google offer new service

Amazon and Google introduced a jointly developed multi-cloud networking service on Sunday to meet growing demand for reliable connectivity the companies said in a statement, at a time when even brief internet disruptions can cause major outages.

- MIHIKA SHARMA MRINMAY DEY

The initiative will enable customers to establish private, high-speed links between the two companies’ computing platforms in minutes instead of weeks.

The new service is being unveiled a little over a month after an Amazon Web Services outage on Oct 20 disrupted thousands of websites worldwide, knocking offline some of the internet's most popular apps, including Snapchat and Reddit. That outage will cost US companies between $500 million and $650 million in losses, according to analytics firm Parametrix.