Oracle to Invest $1 Billion in New Cloud Region in Spain
Oracle has revealed plans to invest more than $1 billion to establish a third cloud region in Madrid, Spain. This significant investment aims to boost AI skills development and provide advanced cloud services to various industries, including the financial sector.
Boosting Spain’s Digital Resilience 🚀
The new public cloud region in Madrid will enable Oracle customers and partners across all sectors in Spain to migrate critical workloads to Oracle Cloud Infrastructure (OCI). This move will support compliance with regulations like the Digital Operational Resilience Act (DORA) and the European Outsourcing Guidelines. Telefónica España will be the host partner for this new cloud region.
- The third Oracle cloud region in Spain is welcomed by Spanish government officials
- Jose Luis Escrivá sees this as a significant investment that benefits Spanish enterprises and public sector organizations
Advancing Cloud Capabilities 🌟
Oracle’s upcoming cloud region in Madrid will empower organizations to update applications, innovate with data analytics, and leverage AI technologies. The suite of over 100 cloud services includes Oracle Autonomous Database, MySQL HeatWave Database Service, and OCI Generative AI service.
- Spanish enterprises are quickly moving to the cloud for the latest digital technologies like AI
- Oracle’s additional $1 billion investment in Spain over the next decade shows a commitment to assisting Spanish organizations in adopting cloud technologies
OCI: A Resilient and Scalable Cloud Foundation 💪
The new Madrid cloud region will provide customers with low-latency access to cloud services, enhancing their data value. Financial services organizations will benefit from Oracle’s cloud capabilities, designed to help them meet regulatory requirements.
- Oracle plans to deploy dedicated cloud regions with hyperscale services within customer data centers
- Ensures consistent performance, service-level agreements, and global pricing
Endorsement from Leading Spanish Organizations 🌐
Key Spanish organizations, like Telefónica España and Banco Sabadell, support Oracle’s new cloud region. This support indicates the potential for leveraging new technologies like AI across various business areas.
- Banco Sabadell relies on Oracle to migrate critical workloads to Oracle Cloud Infrastructure
- Naturgy views the new cloud region as an opportunity to enhance security and resilience
About Oracle Distributed Cloud 🌍
Oracle’s distributed cloud offers a range of services, including public cloud, dedicated cloud, hybrid cloud, and multicloud options, providing flexibility and scalability for organizations of all sizes.
- Public cloud regions cater to organizations requiring strict EU sovereignty controls
- Hybrid cloud options enable key cloud services on-premises in over 60 countries
Hot Take 🔥
Oracle’s $1 billion investment in a new cloud region in Spain signifies a significant step towards advancing AI skills development and providing top-notch cloud services across various industries. The support from leading Spanish organizations underscores the potential for growth and innovation within the country’s digital landscape.
By
By
By
By
By