Oracle to Invest More Than $1B in AI and Cloud Computing in Spain

Oracle's large investment

Oracle has announced a $1 billion investment in Cloud Computing and Artificial Intelligence for Spain over the next ten years

New Cloud Region

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

Regulatory Compliance

Oracle will cooperate with Telefonica España to open its third cloud region in Madrid, following the first in 2022

Partnership with Telefonica España

Commitment to Spanish Market

Albert Triola, Oracle Spain's country manager, stressed Oracle's commitment to assisting Spanish enterprises of all sizes and speeding up cloud technology

Support from Spanish Government

José Luis Escrivá, Spain's minister for digital transformation, emphasized the investment's significance in assisting Spanish enterprises

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