Olemedia
Cloud Computing Background
The momentum surrounding AI that was unleashed in 2023 continues to grow, and one thing we have learned is that cloud infrastructure is a critical part of the growth in AI. According to Microsoft (MSFT), cloud computing is:
“The delivery of computing services—including servers, storage, databases, networking, software, analytics, and intelligence—over the internet (“the cloud”) to offer faster innovation, flexible resources, and economies of scale.”
The benefits of cloud computing to companies include cost savings, on-demand access to computing power, economies of scale, performance tied to a network of data centers with state-of-the-art hardware, security, and disaster recovery. The growth outlook for cloud computing is bright and is estimated at 16.5% per year through 2032[1]. So how does an investor gain exposure to companies…
