INTELLIGENT BRANDS // Cloud
Oracle to invest more than US $ 1 billion in AI and cloud computing in Spain
Oracle announced plans to invest more than US $ 1 billion to open a third cloud region in Madrid and drive AI skills development across the country .
The new public cloud region will enable Oracle customers and partners across all industries in Spain , including its prominent financial services sector , to migrate missioncritical workloads from their data centres to Oracle Cloud Infrastructure ( OCI ) while helping them address regulations like the Digital Operational Resilience Act ( DORA ) and the European Outsourcing Guidelines ( EBA , EIOPA , ESMA ).
Telefonica España will be the host partner for the planned cloud region .
The upcoming cloud region in Madrid will help public and private sector organisations migrate all types of workloads to the cloud , modernise their applications , and innovate with data , analytics and AI .
Oracle says it is the only hyperscaler capable of delivering AI and a full suite of 100-plus cloud services across dedicated , public and hybrid cloud environments , anywhere in the world . This includes Oracle Autonomous Database , MySQL HeatWave
Database Service , Oracle Container Engine for Kubernetes , Oracle Cloud VMware Solution , OCI Generative AI service and OCI AI Infrastructure .
“ The opening of the third Oracle cloud region in Spain is excellent news for our country ,” said José Luis Escrivá , Minister for Digital Transformation and Public Administration , Government of Spain . “ The investment announced by Oracle provides a significant boost that will help Spanish enterprises and public sector organisations innovate with AI and continue advancing on the path of Digital Transformation .”
“ It is great news that major technology multinationals such as Oracle are announcing this level of investment in the Region of Madrid ,” said Miguel López- Valverde , Councillor for Digitalisation , Government of the Region of Madrid .
“ We are convinced of the importance of public-private collaboration in this area , and of facilitating the development of cloud infrastructure in our region . Over the next three years , the region of Madrid is expected to receive investments of more than six billion Euros from the cloud industry , which is critical to helping us build a digital economy capable of creating high-quality jobs , attracting investment and retaining talent .”
Oracle also offers a separate EU Sovereign Cloud with one region in Madrid to help public and private sector customers with data and applications that are sensitive , regulated , or of strategic regional importance , move to the cloud . The Oracle EU Sovereign Cloud in Madrid is operated by EU-based personnel and supports workloads that fall under EU guidelines and requirements for sovereignty and data privacy . p
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