HP to Invest $1 billion in Open Cloud Services

The company has pledged to invest $1 billion in open cloud products and services over the next two years, along with community-driven, open-source cloud technologies.

“Just as the community spread the adoption of Linux in the enterprise, we believe OpenStack will do the same for the cloud,” said Hewlett-Packard CEO and President Meg Whitman, in a webcast announcing Helion Tuesday.

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