Three major trends are emerging in the cloud computing market: server prices are dropping, but cloud services are getting more expensive; Arm is preparing for its massive IPO and has a target valuation of $60-70 billion; and the hunt for GPUs isn't over, with startups using creative tactics to obtain these critical chips. The US government's inflation rating showed that computer and server costs are dropping by 3.9% month-over-month, but cloud services are increasing in cost by 2.3% since Q3 2022. Additionally, Arm's IPO filing revealed a valuation of $60-70 billion, while Nvidia was willing to spend $40 billion on the company before the Federal Trade Commission intervened. The cloud industry is also looking at AI, with Hugging Face valued at $4.5 billion after raising $235 million in funding. Furthermore, Google Cloud released a Pricing API for its services and AMD launched new Amazon EC2 instances powered by 4th generation AMD EPYC processors. The industry is also seeing a growing need for cloud security, with 90% of respondents saying they would like a single platform to configure and manage security across all their cloud deployments.