Verizon has announced the expansion of its Fiber To The Premise (FTTP) network and FiOS Internet service in California -- "The company is now deploying fiber cable in Ventura county, as well as in the cities of Adelanto, Apple Valley, Bermuda Dunes, Camarillo, Chino, Desert Hot Springs, Hermosa Beach, Indio, La Quinta, Chino Hills, Ontario, Palm Springs, Perris, Lake Elsinore, Temecula, Redondo Beach and Victorville. Some customers in these cities can already order FiOS. Additional cities will be added next year, and Verizon will announce FiOS Internet Service in these areas as it becomes available. To date, Verizon has deployed 8 million feet, or 1,500 miles, of fiber-optic cable in Southern California as part of the FTTP project. The company will deploy millions more feet of fiber cable infrastructure during the remainder of 2005."
The global cloud computing market is undergoing new significant growth, driven by the rapid adoption of artificial intelligence (AI) and the demand for flexible, scalable infrastructure. The recent market study by International Data Corporation (IDC) provides compelling evidence of this transformation, highlighting the accelerating growth in cloud infrastructure spending and the pivotal role of AI in shaping the industry's future trajectory. Shared Infrastructure Market Development The study reveals a 36.9 percent year-over-year worldwide increase in spending on compute and storage infrastructure products for cloud deployments in the first quarter of 2024, reaching $33 billion. This growth substantially outpaced non-cloud infrastructure spending, which saw a modest 5.7 percent increase to $13.9 billion during the same period. The surge in cloud infrastructure spending was partially fueled by an 11.4 percent growth in unit demand, influenced by higher average selling prices, primari