Is the cloud and AI becoming two sides of the same coin?

Cloud adoption is directing eneterpises to AI, as vendors offer a growing number of tools and services, without big upfront investments The global AI market is expected to grow from $21.46 billion in 2018 to $190.61 billion by 2025.  No doubt, its one of the fastest-growing markets in the world today. Pretty impressive, huh?On the other hand, however, the public cloud industry stood at $182.4 billion in 2018 and is projected to grow 17.5% in 2019 to total $214.3 billion. Unlike AI, the cloud industry has already trodden the path from hype to broad adoption, and become a different beast altogether.With the cloud industry propelling this sort of growth, could the forecasts about AI adoption ultimately prove to be conservative. In the past decade, cloud computing has gone from been seen as a cost-saving way to store data and applications to becoming an integral part of advancing AI and other cognitive capabilities in the enterprise.
In fact,a recent survey by Deloitte found that 49% of companies that have deployed AI today are using cloud-based services.Cloud adoption is motivating enterprises to undertake more proofs of concept in their firms with AI because its easier than ever before to get started,said David Schatsky, managing director at Deloitte LLP.According to Schatsky, this path is also becoming more attractive to enterprises as cloud providers continue developing AI offerings to business functions,without big upfront costs.