Investors Expect More From Microsoft’s Cloud

According to Canalys, the worldwide spending on cloud infrastructure services grew 38% over the year in the second quarter of the year to $26.3 billion. Amazon remains the leader in the market with a 31.5% market share. Microsoft (Nasdaq: MSFT) is a distant second with 18.1% market share. Microsoft is driving hard on its cloud

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Scale AI Simplifies Data Labeling To Reach Unicorn Status

According to a Markets and Markets report, the global AI market is estimated to grow at 37% CAGR to reach $190.6 billion by 2025. The growth in the industry is expected to be driven by the growing adoption of cloud-based applications and services and the growth of intelligent virtual assistants and big data. San Francisco-based

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Cloud Stocks: SAP Riding High on the Cloud

Earlier this week, ERP giant, SAP (NYSE: SAP) announced its third quarter results that surpassed market expectations and sent the stock climbing. The market is very pleased with SAP’s strong cloud initiatives.

Cloud Stocks: Time For Skepticism with Netflix

Netflix (Nasdaq: NFLX) has had a tumultuous year so far. The stock has lost nearly 20% of its value since the beginning of the year. Increasing competition from rival and upcoming players in the streaming space are raise concerns over Netflix’s ability to keep growing, especially in the domestic market.

Cloud Stocks: IBM Banks on AI

Earlier this week, IBM (Nasdaq: IBM) declared its third quarter results that exceeded earnings expectations despite missing revenue estimates. The stock fell nearly 5% post the result announcement in the after-hours session.

AI Unicorn DataRobot Simplifies Data Modeling

According to a report by Research On Global Markets, the global machine learning market is expected to grow 48% annually to $19.4 billion by 2023. The growing adoption of IoT devices and of a connected business ecosystem is expected to drive data-powered decisions, thus fueling the requirement for machine learning technologies.

Icertis’ AI Platform Leads to Unicorn Status

According to a report by MGI Research, the total addressable market of contract lifecycle management companies is estimated to grow at a CAGR of 31% to $20 billion over the next five years. Bellevue, Washington-based Icertis is a leading player in the market that recently achieved a Unicorn status for its AI-based platform.

AI Unicorn Globality Alters B2B Procurement

According to a Market Research Future report, the global procurement software market is projected to grow at 10% CAGR to $10 billion by the year 2023. The integration of AI capabilities with procurement software is expected to help bring on significant developmental opportunities into the procurement software market.