6 days 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.
