H-P to Invest $1 Billion in Cloud Computing Over Next Two Years

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But the commitment pales in comparison with cloud investments from bigger competitors such as Google Inc.,GOOGL -2.01% Amazon.com Inc. AMZN -2.92% and MicrosoftCorp. MSFT -0.43% , which are spending $1 billion to $2 billion a quarter to build data centers and acquire the necessary real estate, on top of billions more in R&D each year.

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