"Global Internet Outage: A Minute Without Connectivity Could Cost the World Over $20 Million, with Amazon and Alphabet Facing Billion-Dollar Losses"
In a nutshell, a global internet outage, even if it lasted just a minute, would have staggering financial repercussions. The estimated cost for such a brief interruption would exceed $20 million globally, with the US taking the hardest hit at $7.6 million, followed by China, the UK, Japan, and Germany. As time progresses, these losses could swiftly escalate to hundreds of millions and eventually reach trillions if the outage persisted for a year.
Zooming in on specific companies, Amazon emerges as the most severely affected, facing a loss of almost $1 million per minute due to the unavailability of its shopping, AWS, and streaming services. Google's parent company, Alphabet, ranks second with a loss of $538,120 per minute. It's worth noting that these estimates are based on 2022 revenue data, and if more recent figures were considered, companies like OpenAI, the creator of ChatGPT, might see a higher position in the list.
Interestingly, established tech giants such as Intel, Apple, Microsoft, and Nvidia, though expected to experience significant losses in the event of an internet disruption, have a historical advantage. Having navigated the pre-internet landscape of the nineties, these companies are deemed likely to weather such challenges given their diversified hardware and software ventures.
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