Microsoft and HP have announced a three year contract to invest $250 million for cloud computing. Cloud computing is a new service paradigm and is also an IT infrastructure which help business meet their IT needs with having expensive infrastructure. This partnership is expected to make cloud computing space more competitive and create stiff competition for already existing cloud providers such as IBM and Oracle. The approach is designed to help customers integrate private or public cloud computing models as part of their business. In cloud computing mode of service companies tap their data and applications over the Internet or Intranet instead of local servers. In reduces operating cost. Under this partnership HP will collaborate on Windows Azure- Microsoft's cloud computing platform
