Global Cloud spending surges to $99B as ‘neoclouds’ reshape AI infrastructure market

Enterprise cloud infrastructure spending reached $99 billion in Q2 2025, up 25% year-over-year, according to Synergy Research Group. While AWS, Microsoft, and Google still lead globally, a new wave of AI-focused “neocloud” providers—like CoreWeave and Crusoe—has emerged, growing over 200% annually. These GPU-intensive platforms are redefining digital infrastructure, catering to generative AI workloads that demand higher power density and specialized cooling capabilities.