Microsoft Corporation officially threw down the gauntlet here on Thursday, right at the feet of Amazon’s web services, launching a revamped version of its cloud services platform and simultaneously hosting a software developer meet here.
“With the economic slowdown, large companies are eager to cut down capital expenditure, and funding for start-ups is even lesser. Cloud computing helps cut down expenditure without cutting down on capacity. To this end, we are also partnering venture capital firm Freemont Ventures to help fund non-professional developers and start-ups who are based wholly on the cloud,” Mr. Karnakota said.
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