The company's focus on cloud and AI has unlocked unprecedented growth.

The advent of modern cloud computing is largely attributed to Amazon , which pioneered cloud infrastructure services with the introduction of Amazon Web Services (AWS) in 2002. The industry has evolved over time, but the basics remain the same: Providers offer on-demand, scalable computing, software, data storage, and networking capabilities to any business with an internet connection.

After a period of slower growth, the cloud infrastructure space got a jump start thanks to recent developments in the field of artificial intelligence (AI) . However, the large language models that underpin the technology require a great deal of computational horsepower, which typically isn't available outside a data center .

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