Global cloud market sees another huge spending spree as AI demand continues

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Cloud infrastructure spending is closing in on $80 billion spent per quarter, according to new figures that appear to confirm that Year-on-Year growth rate in the sector has now been north of 20% for three consecutive quarters.

Findings from Synergy Research (via The Register) also claim the total expenditure in the cloud market over the last twelve months totalled $297 billion.

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