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.