Highlights from Barclay’s CIO survey:

-Cloud spend continues to have growth. 27% of total IT spend in cloud and 42% of workloads in cloud.
-AI spend remains early. Vast majority of respondents indicated AI spend this year will be <5% of total budget
- $Microsoft(MSFT.US)$ / OpenAI remains preferred model / infra by far. $Amazon(AMZN.US)$ / Anthropic a distant second [bear in mind these are traditional, legacy enterprises being surveyed – not AI startups]
-Big 4 recipients of cloud spend are $Microsoft(MSFT.US)$ , $Amazon(AMZN.US)$ , $Alphabet-A(GOOGL.US)$ and $Salesforce(CRM.US)$ . $Microsoft(MSFT.US)$ and $Amazon(AMZN.US)$ are substantially larger.