Latest news with #cloud infrastructure
Wall Street Journal
a day ago
- Business
- Wall Street Journal
Oracle Pledges $3 Billion for AI, Cloud Infrastructure in Germany, Netherlands
Oracle ORCL -0.56%decrease; red down pointing triangle said it would invest $3 billion to expand its artificial-intelligence and cloud infrastructure in Germany and the Netherlands over the next five years, joining a growing list of U.S. companies that are seeking to bolster their services in Europe. The cloud-services giant said it was pouring $2 billion to expand its cloud infrastructure in Germany, while also beefing up AI capacity in the Frankfurt region. The remaining $1 billion will help the company expand its cloud infrastructure in the Netherlands as well as AI capacity in the Amsterdam region.
Al Arabiya
a day ago
- Business
- Al Arabiya
Oracle to invest $3 bln in AI, cloud expansion in Germany, Netherlands
Oracle will invest $3 billion over the next five years in artificial intelligence and cloud infrastructure in Germany and the Netherlands to meet upbeat demand, the company said in separate statements on Tuesday. The cloud service provider plans to allocate $2 billion to Germany and $1 billion to the Netherlands. Major technology firms have poured tens of billions of dollars into developing AI infrastructure following the success of OpenAI's ChatGPT. Oracle, whose cloud offerings support companies in building AI infrastructure, has seen its shares surge about 38 percent so far this year. In June, the company raised its annual revenue forecast, driven by strong demand for its AI-related cloud services. Oracle is also part of a joint venture called Stargate, aimed at delivering large-scale computing capabilities to OpenAI.
CNA
a day ago
- Business
- CNA
Oracle to invest $3 billion in AI, cloud expansion in Germany, Netherlands
Oracle will invest $3 billion over the next five years in artificial intelligence and cloud infrastructure in Germany and the Netherlands to meet upbeat demand, the company said in separate statements on Tuesday. The cloud service provider plans to allocate $2 billion to Germany and $1 billion to the Netherlands. Major technology firms have poured tens of billions of dollars into developing AI infrastructure following the success of OpenAI's ChatGPT. Oracle, whose cloud offerings support companies in building AI infrastructure, has seen its shares surge about 38 per cent so far this year. In June, the company raised its annual revenue forecast, driven by strong demand for its AI-related cloud services.
CNA
a day ago
- Business
- CNA
Oracle to invest $3 billion in AI, cloud infrastructure in Germany, Netherlands
Oracle will invest a combined $3 billion in AI and cloud infrastructure in Germany and the Netherlands over the next five years, the company said in separate statements on Tuesday. Oracle will invest $2 billion in Germany and $1 billion in the Netherlands.
Yahoo
a day ago
- Business
- Yahoo
Oracle to invest $3 billion in AI, cloud infrastructure in Germany, Netherlands
(Reuters) -Oracle will invest a combined $3 billion in AI and cloud infrastructure in Germany and the Netherlands over the next five years, the company said in separate statements on Tuesday. Oracle will invest $2 billion in Germany and $1 billion in the Netherlands. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
