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Can anyone explain to me why experts believe the future of gaming is in the cloud? Thank you

YOu wont need to get expensive hardware to play games. Even in the west i think a lot more people would play games if they dont need to get hardware. Imagine all the poorer countries where
they cant afford the hardware, so are excluded from better games

So investing in cloud systems is also a good idea?

This idea is not new. A lot companies already tried cloud gaming ... and in the end, all had to close their service, because it wasn't profitable.

What are some of the examples of previous cloud gaming? I'm honestly not familiar with them.

I think the most famous was OnLive (I think it was also one of the first). In the end, it failed because it just wasn't profitable. I am not sure, but I think the service was bought by Sony and is now basically Playstation Now. After that there were several tries. I tested one a few months back, don't know the name anymore. Their concept was, that you can play all your Steam games, which was nice. The setup for that was pretty easy, just activate some remote stream option (something like that) and log into your steam account on the remote machine, which was my main concern, because you have to enter your steam account to a cloud pc. It worked OK-ish.