Oracle invests $1B in Spain for new cloud region in Madrid, enhancing AI capabilities

From NASDAQ.: 2024-06-21 08:50:00

Oracle plans to invest over $1 billion in Spain for a new cloud region in Madrid, enhancing its AI capabilities and meeting EU regulations. Competing with AWS, Microsoft Azure, and Google Cloud in Europe, Oracle aims to drive digital transformation with 100+ cloud services globally. The move signals confidence in Spain’s market potential amid intense competition.



Read more at NASDAQ.: Oracle (ORCL) Expands Cloud Presence in Spain With $1B Outlay