Oracle is planning to open a third cloud region in Spain in collaboration with Telefonica Spain. This initiative aims to provide various industries, including finance, with access to Oracle Cloud Infrastructure, offering high performance, integrated security, and powerful data analytics and artificial intelligence capabilities. The investment of over $1 billion will support AI development efforts in Spain, helping organizations innovate and migrate mission-critical workloads to the cloud. The new region will enable customers to comply with regulations such as the European Digital Operational Resilience Act and Outsourcing Guidelines. Furthermore, Oracle’s EU Sovereign Cloud in Madrid will cater to customers with sensitive or regulated data, ensuring compliance with EU data privacy regulations. These initiatives reflect Oracle’s commitment to supporting the digital transformation of Spanish businesses and government agencies, with a focus on enhancing AI capabilities and cloud services. The new cloud region will provide low-latency access to cloud services, high availability, disaster recovery capabilities and sovereign AI capabilities. Organizations in Spain are welcoming this development, with leaders from Telefonica Spain, Banco Sabadell, Naturgy, and MASORANGE expressing their confidence in Oracle’s cloud infrastructure. Overall, Oracle’s distributed cloud offerings, which include public, dedicated, hybrid, and multicloud solutions, are designed to provide customers with flexibility, control, and seamless integration across different cloud environments. In conclusion, Oracle’s investment in AI and cloud computing in Spain underscores its commitment to accelerating the digital transformation of organizations in the region.
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https://finance.yahoo.com/news/oracle-invest-more-1-billion-160000427.html
