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Spending on compute and storage infrastructure for cloud deployments has surged to unprecedented heights, with 115.3% year-over-year increase in the third quarter of 2024. The spending reached a staggering $57.3 billion, highlighting the dominance of cloud infrastructure over non-cloud systems as enterprises accelerate their investments in AI and high-performance computing (HPC) […]
Cloud infrastructure spending more than doubles in the third quarter of 2024