HP Bets $1 Bln on the Cloud

HP is making a big bet on the cloud. Hewlett-Packard is investing more than $1 billion over the next two years to develop and offer cloud computing products and services. HP will expand availability of free open-source cloud software called OpenStack to 20 data centers even though it sells its own cloud software. It's betting that companies will build their own on-site private cloud instead of renting services on public clouds like those of Amazon and Google.

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