Posted 2/27/2024, 10:29:00 AM
DigitalOcean Bets on AI for SMBs with Paperspace Acquisition Despite Slowing Growth
- Amazon, Microsoft, Google dominate cloud computing, but AI is next big opportunity
- DigitalOcean acquiring Paperspace to provide SMBs access to AI tech at affordable pricing
- DigitalOcean optimized for SMBs with transparent pricing, strong support, educational resources
- Despite slowing growth, DigitalOcean delivered first profit in recent quarter
- DigitalOcean stock traded 70% below all-time highs presents opportunity for long-term investors