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. Cloudcomputing 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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