Oracle to invest $3B in AI, cloud infrastructure in Germany, Netherlands
Oracle Corporation plans to invest $3 billion over five years to improve its artificial intelligence and cloud infrastructure in Germany and the Netherlands.
The investment is split into $2 billion for Germany and $1 billion for the Netherlands, focusing on bolstering cloud infrastructure in both regions.
A significant aspect of this initiative includes enhancing AI infrastructure capacity at Oracle Cloud facilities in Frankfurt and Amsterdam.
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Oracle Corporation (NYSE: ORCL) has unveiled plans to allocate $3 billion over the next five years toward enhancing artificial intelligence and cloud infrastructure in Germany and the Netherlands, as announced on Tuesday.
This strategic investment is divided into $2 billion earmarked for Germany and $1 billion for the Netherlands, with the goal of strengthening Oracle's cloud infrastructure in both countries. A key component of this initiative is the substantial enhancement of AI infrastructure capacity in the Oracle Cloud facilities located in the Frankfurt Region of Germany and the Amsterdam Region of the Netherlands.