Oracle on Thursday said it will invest more than $1 billion over the next 10 years in artificial intelligence and cloud computing in Spain, as it looks to meet increasing demand for its services in the country.
The investment will be used to set up a new cloud region that will allow customers to move workloads from their data centers to Oracle Cloud Infrastructure, while also helping them address regulations like the European Union’s Digital Operational Resilience Act (DORA) and the European Outsourcing Guidelines.
This will be Oracle’s third cloud region in Madrid and the company will partner with Telefonica España for the project. The first cloud region was opened in 2022.
“We are reaffirming our commitment to helping Spanish organizations of all sizes and industries” and accelerate the adoption of cloud technologies to boost business performance, said Albert Triola, country leader, Oracle Spain.
“The investment…will help Spanish enterprises and public sector organizations innovate with AI and continue advancing on the path of digital transformation,” said José Luis Escrivá, Spain’s minister for digital transformation and public administration.
Oracle last week forecast fiscal 2025 revenue to grow in double digits, above analysts’ estimates, indicating strong demand for its AI-powered cloud services.
The company also announced partnerships with ChatGPT-maker OpenAI and Google Cloud to extend its cloud infrastructure to customers.
—Juby Babu, Reuters
Inicia sesión para agregar comentarios
Otros mensajes en este grupo.
Five years ago, George Floyd was murdered by a Minneapolis police officer after Floyd was suspected of using a counterfeit $20 bill. His death ignited a series of protests in the United States tha
These days, our tech experiences are all about speed—and our expectations for instant action are actually kinda insane.
Think about it: Not so long ago, phones, computers, and e
There’s a quiet transformation underway in how we eat. It’s not being led by chefs, influencers, or climate activists. It’s being driven by a new class of pharmaceuticals that are changing the way
On TikTok, soup is getting a rebrand. It’s now water-based cooking, to you.
“Pov you started water based cooking and now your skin is clear, your stomach is thriving and you recover from
You may not have heard of Anthropic CEO Dario Amodei, but he’s one of a handful of people responsible for the current AI boom. As VP of Research at OpenAI, Amodei helped discover the scaling laws
