HP plans to invest more than 1 billion dollars in cloud computing market

May 8, Hewlett-Packard announced plans to invest more than $1 billion trillion in cloud computing products and services over the next two years, Reuters reported.

HP says it will launch OpenStack http://www.aliyun.com/zixun/aggregation/13671.html "> Public cloud Services in 20 data centers in the next 18 months- OpenStack is a cloud computing project created by HP to provide free Open-source cloud computing platforms for public and private cloud services.

"The challenges from customers are now extending beyond the cloud, including managing, controlling, and upgrading applications in a hybrid environment where multiple technologies coexist." "Martin Fink, Hewlett-Packard's executive vice president and chief technology officer, said in a statement.

Hewlett-Packard last week signed a partnership agreement with Foxconn, which will produce a company-facing cloud computing server.

Cloud computing services are becoming more prevalent in limited-fund tech start-ups and larger companies that do not have to buy their own cloud computing devices, just using computers belonging to companies such as Amazon and Google.

Amazon and Google recently hit a price war, both on the majority of its cloud computing services to take a price reduction strategy.

Cisco worked out a cloud computing service in March this year, preparing to spend $1 billion for the next two years. At the same time, Microsoft says it will increase the amount of cloud storage available to enterprise users to 40 times times the size of the original. (Yau LA)

(Responsible editor: Meng)