AI provides far more than just a set of premium public cloud platform services. The proliferation of generative AI heralds the rise of the AI-native cloud as intelligence transforms the nature of public cloud across every detail of the public cloud data center. The result: truly AI-native cloud services. While efficient and cost-effective commodity cloud services remain essential to enterprise IT, the emerging AI-native cloud will be critical for organizations as companies seek competitive differentiators with AI and governments seek greater technology efficiency at scale. This report identifies the key elements of the AI-native cloud and how these services will shape cloud strategy.