Oracle commits $1 billion to bolster AI and cloud services in Spain

Oracle has announced it will be investing $1 billion over the next decade in AI and cloud computing in Spain to cater to the growing demand for its services in the country. This investment will be used to establish a new cloud region enabling customers to transition workloads from their data centres to Oracle Cloud Infrastructure.

Additionally, it will assist in compliance with regulations such as the EU’s Digital Operational Resilience Act (DORA) and the European Outsourcing Guidelines. This initiative marks Oracle’s third cloud region in Madrid in collaboration with Telefonica España as project partner. Albert Triola, the head of Oracle Spain, emphasised the company’s dedication to supporting organisations in Spain across various sectors and sizes, aiming to accelerate the adoption of cloud technologies to enhance business performance.

José Luis Escrivá, Spain’s minister for digital transformation and public administration noted that this investment will empower Spanish enterprises and public sector entities to innovate with AI and accelerate their digital transformation process. 

Why does it matter?

Oracle’s optimistic forecast for fiscal 2025 revenue growth surpassed analysts’ expectations thereby reflecting the growing demand for its AI-driven cloud services.

Furthermore, Oracle announced collaborations with OpenAI and Google Cloud with the objective of expanding its cloud infrastructure offerings to customers thus showing its commitment to enhancing its cloud services portfolio.