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The cloud computing market has seen a significant increase in AI workloads, leading to a surge in investments and partnerships between AI developers and major cloud service providers. However, this has also raised concerns about the circular nature of these deals and their impact on competition. Despite this, the total cloud computing market is expected to reach $1.4 trillion by 2027. The top five highest-valued cloud deals in 2024 so far include Amazon’s $2.75 billion investment in Anthropic, which will also use AWS data centers and custom chips. Anthropic has raised a total of $7.4 billion in the past year.
