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Public cloud service revenue jumps 19%, with Microsoft leading overall: IDC

Worldwide public cloud sales reached $315.5 billion in the first half of 2023, due partly to AI adoption, and is expected to surpass $1 trillion annually in only a few more years.

Revenue for public cloud services for companies such as Microsoft, AWS, and Google increased 19% year over year in the first half of 2023 on the back of the increased adoption of AI and organizations' persistent interest in moving more and more resources to the cloud, according to tech market research and advisory company IDC.

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