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The global cloud infrastructure market saw a significant boost in revenue in the fourth quarter of 2023, reaching $74 billion, driven by interest in generative AI. This represents a $12 billion increase from the previous year and a $5.6 billion increase from the previous quarter. The cloud infrastructure market for the entire year grew to $270 billion, up from $212 billion in 2022. Microsoft’s partnership with OpenAI has given it an edge in the market, with its market share growing by two percentage points to 25%. Amazon remains the market leader with a 31% share.

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