Cloudflare Inc. has acquired Replicate Inc., a startup with software that makes it easier to deploy artificial intelligence models in production. The companies announced the transaction today without disclosing its financial terms. Replicate previously raised more than $23 million in funding from Y Combinator, Sequoia Capital and other backers.

Cloudflare co-founder and CEO Matthew Prince apologised in the post late Tuesday, stating that this outage was the worst the company has experienced since 2019.

As of the latest update, Cloudflare has managed to restore services fully. Users most affected ranged from OpenAI’s ChatGPT, Elon Musk’s X, and various online gaming platforms. This is to be expected given that Cloudflare’s Content Delivery Network (CDN) service is used by 20.4% of all the world’s websites, according to Tuesday’s W3Techs’ data.

What is Cloudflare? Why is NJ Transit, X (Twitter) and other major apps down? See the latest, what's going on.

For several hours Tuesday, a significant portion of the internet was unavailable in Cloudflare's worst outage since 2019.

Cloudflare stock closed the Nov. 18 trading session 2.83% lower at $196.53. The outage exacerbated the ongoing sell-off of the stock, and the closing price is 22.4% lower than the stock’s peak closing price of $253.30 on October 31.

Initially, Cloudflare engineers thought an attack was to blame, specifically the Aisuru botnet behind a massive 15.72 Tb/s attack revealed by Microsoft this week, which the hyperscaler dubbed the largest DDoS attack ever observed in the cloud.

Hundreds of thousands of companies rely on the network management company to route online traffic. It’s the internet backbone that broke.

Leading internet security player Cloudflare is purchasing Replicate, a platform that makes deploying and running AI models easier.

A recent Cloudflare outage impacted numerous major websites for nearly six hours. However, Coursera, leveraging AI coding, restored its services much