Oracle has announced a $1 billion investment in Cloud Computing and Artificial Intelligence for Spain over the next ten years
Investment involves the creation of a new cloud region to assist clients in migrating workloads from their existing data centers to Oracle Cloud Infrastructure
This new infrastructure will help customers comply with standards including the European Outsourcing Guidelines and the EU's Digital Operational Resilience Act
Oracle will cooperate with Telefonica España to open its third cloud region in Madrid, following the first in 2022
Albert Triola, Oracle Spain's country manager, stressed Oracle's commitment to assisting Spanish enterprises of all sizes and speeding up cloud technology
José Luis Escrivá, Spain's minister for digital transformation, emphasized the investment's significance in assisting Spanish enterprises