Translated data: It is predicted that global cloud infrastructure service spending will increase by 20% in 2024, with leading cloud providers such as AWS, Microsoft Azure, and Google Cloud increasing their investments in generative AI. In the fourth quarter of 2023, global cloud infrastructure service spending grew by 19% year-on-year, reaching $78.1 billion. The cloud service market is highly competitive, with the top three providers accounting for 66% of total spending. Cloud migration efforts are accelerating again, with a surge in new demand, especially with the widespread adoption of AI applications.