Hyperscalers place big bets on AI as cloud spending rolls on
CIO
AUGUST 14, 2024
While enterprise IT budgets have grown, a significant portion of spending is now going to investments related to artificial intelligence (AI). According to a new report from Canalys, the top three cloud providers — AWS, Microsoft Azure, and Google Cloud — collectively grew by 24% this quarter to account for 63% of total spending.
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