Corporate spending on cloud services continues to accelerate, with artificial intelligence alone accounting for around half of the market’s growth. Enterprises’ growing hunger for cloud-based AI computing could push annual data center spending past the trillion-dollar mark within five years.
Global cloud revenue last year totaled $330B, up $60B from the year before, according to data released last week by Synergy Research Group. The fourth-quarter revenue of $91B was up 22% from the […]
AI Propels ‘Impressive Acceleration’ In Cloud Market, Fueling Trillion-Dollar Data Center Spending Spree