Oracle has announced plans to invest over $1 billion in AI and cloud computing services in Spain. This investment aims to open a third cloud region in Madrid, partnering with Telefónica Spain as the host. The new public cloud region will cater to various industries, including finance, helping them migrate to and benefit from Oracle Cloud Infrastructure’s advanced capabilities such as AI, data analytics, and distributed cloud services. The move aligns with Spain’s digital transformation goals and regulatory requirements. The financial sector, in particular, stands to benefit from Oracle’s expertise in addressing unique regulatory challenges such as DORA. Oracle’s EU Sovereign Cloud in Madrid will further support customers with sensitive data and applications. The investment reinforces Oracle’s commitment to supporting Spanish organizations with innovative cloud technologies and facilitating economic growth. Major players in Spain’s industry, such as Telefónica Spain, Banco Sabadell, and Naturgy, have expressed optimism about leveraging Oracle’s cloud services to enhance their operations and competitiveness. In the telecommunications sector, MASORANGE’s CIO highlights the importance of cloud technologies in driving innovation and operational efficiency. Oracle’s distributed cloud model offers customers varying deployment options, including hyperscale public cloud, dedicated cloud, hybrid cloud, and multicloud solutions, enabling organizations to leverage Oracle’s advanced cloud capabilities tailored to their needs. Oracle’s integrated application suites and autonomous infrastructure present a secure and scalable solution for organizations looking to elevate their cloud computing capabilities. The significant investment in Spain underscores Oracle’s commitment to supporting the country’s digital transformation and economic development through cutting-edge AI and cloud technologies.
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Oracle Plans to Invest Over $1 Billion in Artificial Intelligence and Cloud Computing in Spain | ORCL Stock News
