[Spain] Oracle makes $1 billion AI and cloud computing investment

Leading US tech firm Oracle has announced a massive investment of over $1 billion (€930 million) in Spain. The investment centres on advancements in AI and cloud computing technologies, TechRound reports.

Oracle already has a significant presence in Europe, with strategically located cloud regions in countries including the UK, Germany, Switzerland and the Netherlands. These locations allow Oracle to provide businesses across Europe with cloud solutions tailored to local data residency requirements. 

Oracle’s infrastructure reportedly supports a range of industries, from finance to healthcare and facilitates digital transformation and innovation within the European market. It has invested in ultra-modern data centres and advanced cloud technologies, ensuring low-latency access and outstanding support for organisations’ cloud computing needs in Europe.

Oracle intends to deploy this investment over a ten-year period to establish a third cloud region in Madrid. This new cloud region aims to meet the escalating demand for Oracle’s AI and cloud services within Spain.

A cloud region

The “cloud” is essentially a place for real data processing infrastructure; data centres situated in specific, tangible locations. A ‘cloud region’ denotes the physical location where public cloud resources are housed.

The upcoming cloud region in Madrid has reportedly been strategically designed to facilitate the migration of diverse workloads for public and private sector entities. It aims to modernise applications and foster innovation through data, analytics and AI. 

It will ensure compliance with stringent regulatory frameworks such as the Digital Operational Resilience Act and European Outsourcing Guidelines.

Source: TechRound

Leading US tech firm Oracle has announced a massive investment of over $1 billion (€930 million) in Spain. The investment centres on advancements in AI and cloud computing technologies, TechRound reports.

Oracle already has a significant presence in Europe, with strategically located cloud regions in countries including the UK, Germany, Switzerland and the Netherlands. These locations allow Oracle to provide businesses across Europe with cloud solutions tailored to local data residency requirements. 

Oracle’s infrastructure reportedly supports a range of industries, from finance to healthcare and facilitates digital transformation and innovation within the European market. It has invested in ultra-modern data centres and advanced cloud technologies, ensuring low-latency access and outstanding support for organisations’ cloud computing needs in Europe.

Oracle intends to deploy this investment over a ten-year period to establish a third cloud region in Madrid. This new cloud region aims to meet the escalating demand for Oracle’s AI and cloud services within Spain.

A cloud region

The “cloud” is essentially a place for real data processing infrastructure; data centres situated in specific, tangible locations. A ‘cloud region’ denotes the physical location where public cloud resources are housed.

The upcoming cloud region in Madrid has reportedly been strategically designed to facilitate the migration of diverse workloads for public and private sector entities. It aims to modernise applications and foster innovation through data, analytics and AI. 

It will ensure compliance with stringent regulatory frameworks such as the Digital Operational Resilience Act and European Outsourcing Guidelines.

Source: TechRound