Despite the AI hype, Amazon, Microsoft, and Google are seeing cloud growth rates stall as customers try to cut costs

• The big three cloud providers Amazon, Microsoft, and Google reported quarterly earnings this week. 
• Microsoft cloud unit sales were up thanks to AI, while growth rates in traditional cloud stalled.
• Customers are continuing to cut spending amid an uncertain economy. 

Despite the promise of generative AI to turbo-charge cloud computing sales, growth rates in the sector remains stalled for Amazon, Microsoft, and Google.