To meet the rapidly growing demand for its artificial intelligence (AI) and cloud services in Spain, Oracle has announced plans to invest more than $1 billion to open a third cloud region in Madrid and drive AI skill development across the country.
The new public cloud region in Spain will enable Oracle customers and partners across all industries in Spain to migrate mission-critical workloads from their data centers to Oracle Cloud Infrastructure (OCI). This will also help them address regulations like the Digital Operational Resilience Act (DORA) and the European outsourcing guidelines (EBA, EIOPA, ESMA). This will be Oracle’s third cloud region in Madrid and the company will partner with Telefonica España for the project.
“The investment announced by Oracle provides a significant boost that will help Spanish enterprises and public sector organizations innovate with AI and continue advancing on the path of digital transformation,” stated José Luis Escrivá, Spain’s minister for digital transformation and public administration.
Oracle’s EU Sovereign Cloud
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 or of strategic regional importance move to the cloud.
“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,” stated Miguel López-Valverde, councilor for digitalization, Government of the Region of Madrid.
With the upcoming new region adding to the existing Oracle Cloud Region in Spain’s capital, the tech giant’s customers and partners will have additional low-latency access to cloud services to help them derive better value from their data.
Read: Amazon invests $10.75 billion in Germany to expand cloud and logistics services
Oracle expands global partnerships
In a recent development, Oracle, Microsoft and OpenAl have also partnered to extend the Microsoft Azure Al platform to OCI and provide additional capacity for OpenAl. OpenAI has joined thousands of AI innovators globally running their AI workloads on OCI AI infrastructure. AI giants including NVIDIA, Reka, Suno, and xAI use OCI Supercluster to train and infer next-generation AI models.
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