REDWOOD SHORES (dpa-AFX) - Oracle plans to invest more than $1 billion over
the next 10 years in artificial intelligence and cloud computing in Spain.

The company said it will open a third cloud region in Madrid to
help Spain's financial sector and other key industries increase resilience and
take advantage of Oracle Cloud Infrastructure's high performance and built-in
security, powerful data and AI, and distributed cloud capabilities.

Telefonica España will be the host partner for the planned cloud region.

Oracle noted that it 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, regulated, or of strategic regional importance, move to the
cloud. The Oracle EU Sovereign Cloud in Madrid is operated by EU-based personnel
and supports workloads that fall under EU guidelines and requirements for
sovereignty and data privacy.



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