Vodafone will invest $1.5 billion over the next 10 years in cloud and customer-focused AI services developed in conjunction with Microsoft

Spending on shared (public) cloud infrastructure reached $18.5 billion in the quarter, increasing 7.2% compared to a year ago

An updated forecast from International Data Corporation (IDC) shows that enterprises will invest more than $19.4 billion worldwide on GenAI solutions in 2023.

In the coming years, people can witness huge amount of work, which can be done seamlessly with the help of AI and Machine learning

Another key trend driving cloud spending is the continued rise of industry cloud platforms

Investment in digital business, augmented by GenAI, will continue to drive new models and positive outcomes going forward

In Europe, Digital Transformation spending is growing at a fast pace, and it is estimated to have a CAGR of 16 percent across the 2023-2027 timeline