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.
FILE PHOTO: Figurines with computers and smartphones are seen in front of Oracle logo in this illustration taken, February 19, 2024. REUTERS/Dado Ruvic/Illustration/File Photo
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. "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.
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