Upcoming quarterly reports may show Microsoft is closing the gap on cloud computing market leader Amazon.
reports from US tech giants may show Microsoft is closing the gap on cloud computing market leader Amazon.com as more businesses switch to its services, attracted by a clutch of generative AI features that are powered by OpenAI’s technology.
Azure, part of the Intelligent Cloud unit at Microsoft, is expected to have grown 28.9% in the latest quarter Jaluria added that cloud providers should broadly benefit from signs of stabilisation in technology spending, which has been pressured by high-interest rates and economic uncertainty. CFRA Research analyst Angelo Zino estimated that up to eight percentage points of Azure’s growth could come from AI services.
Google offers a slew of AI features within its Workspace productivity apps, which are powered by its large language model Gemini, for up to $30 per user per month. Earlier this month, it announced two $10 add-on packages for AI meeting notes and summaries, and for added security features.
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