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According to a post on Bloomberg this morning, Microsoft plans to spend 90 percent, or $8.64 billion, of its $9.6 billion annual R&D budget on cloud computing, which begs the question of where that money will land within Microsoft's very broad definition of cloud. 
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Source: http://feeds.nytimes.com/click.phdo?i=13e2dc853c064f9a0424fb9034912c02
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