The investment will be used to set up a new cloud region in Madrid, allowing customers to migrate workloads to Oracle Cloud Infrastructure and comply with regulations like DORA and European Outsourcing Guidelines. Oracle partners with Telefonica España for this project.
Oracle aims to support Spanish organizations in adopting cloud technologies for business growth, fostering innovation with AI, and advancing digital transformation. The company forecasts strong revenue growth fueled by high demand for its AI-powered cloud services and has entered partnerships with OpenAI and Google Cloud.
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