Four of the Top 5 spenders on R&D are also public cloud providers (Amazon, Google, Microsoft, and Apple), according to Bloomberg. The focus of most enterprises these days—cloud, cloud, and more cloud—is why current innovation focuses on the cloud, especially the public cloud platforms.

Of course, Bloomberg’s data doesn’t dinstiguish between cloud-specific R&D and other R&D. However, it’s easy to draw the conclusion that most R&D dollars flow to the cloud, both at large tech companies and venture-funded startups.

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