Hyperscalers place big bets on AI as cloud spending rolls on
CIO
AUGUST 14, 2024
In the second quarter of 2024, global spending on cloud infrastructure services grew by 19% year-over-year to surpass the $78 billion mark. While enterprise IT budgets have grown, a significant portion of spending is now going to investments related to artificial intelligence (AI). from Google Cloud and GPT-4o mini from Azure.
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