Cloud revenue accelerates 21% to $76 billion for the latest earnings cycle

Last year’s doldrums are in the rearview thanks to AI

Ron Miller

1 day

If you were concerned about slowing cloud infrastructure growth for a time in 2023, you can finally relax: The cloud was back with a vengeance this quarter. The market as a whole was up a healthy $13.5 billion to $76 billion, up 21% over the first quarter in 2023, per Synergy Research.
That’s healthy growth by any measure.
If you’re wondering what’s driving the growth, you probably guessed that it’s related to generative AI and the copious amount of data required to build the underlying models. Whether …
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