Oracle To Invest More Than $1 Billion In AI And Cloud Computing In Spain
Oracle News, Thursday, June 20th, 2024
Oracle plans to open a third cloud region to help Spain's financial sector and other key industries increase resilience and take advantage of Oracle Cloud Infrastructure's high performance and built-in security, powerful data and AI, and distributed cloud capabilities
To meet the rapidly growing demand for its AI and cloud services in Spain, Oracle today announced plans to invest more than US $1 billion to open a third cloud region in Madrid and drive AI skills development across the country.
The new public cloud region will enable Oracle customers and partners across all industries in Spain, including its prominent financial services sector, to migrate mission-critical workloads from their data centers to Oracle Cloud Infrastructure (OCI) while helping them address regulations like the Digital Operational Resilience Act (DORA) and the European Outsourcing Guidelines (EBA, EIOPA, ESMA). Telefonica Espana will be the host partner for the planned cloud region.