In order to meet the rapidly growing demand for its AI and cloud services, Oracle plans to invest U.S. $1 billion in the Netherlands and U.S. $2 billion in Germany, over the next five years.
The investment will expand Oracle Cloud Infrastructure’s (OCI) footprint and will include a significant expansion of AI infrastructure capacity in the Oracle Cloud Amsterdam Region and in the Oracle Cloud Frankfurt Region.
“Organizations in the Netherlands are rapidly embracing AI and new technologies,” said Wilfred Scholman, vice president and Netherlands country leader, Oracle. “The Dutch government has made clear its ambition to establish a strong technology industry ecosystem in the Netherlands that offers opportunities for AI innovation for both economic and societal benefit. The investment we are announcing today, including a significant expansion of OCI’s AI infrastructure capacity, reaffirms our commitment to help organizations in the Netherlands of every size and across every industry—including the Netherlands’ thriving startup and SME sector—innovate with data and AI to boost productivity, resilience, and sustainable growth.”
This investment will see Oracle expanding its OCI footprint in the Netherlands to help organizations in key local industries such as financial services, logistics, life sciences, and energy migrate all types of workloads to the cloud, modernize their applications, and leverage the latest AI innovations.
“Oracle’s strategic investment underscores that Germany is an attractive location for digital innovations and investments. The growing demand for cloud solutions shows that digital transformation in our country is progressing well. We are pleased about increasing investments, both from Germany and internationally, and expressly welcome this investment. It strengthens our digital infrastructure and enables companies and public authorities to benefit from state-of-the-art AI and cloud technologies. We want to continue on this path together with the private sector and further expand Germany’s role as a leading digital location in Europe,” said Dr. Karsten Wildberger, Federal Minister for Digital Transformation and Government Modernization.
This will enable even more public and private organizations in Germany to take advantage of Oracle’s industry-leading AI and cloud computing services, including the latest sovereign AI and multicloud capabilities.
“With our plans to invest U.S. $2 billion in AI infrastructure and cloud computing over the next five years, we are helping organizations across Germany accelerate their AI and cloud journeys,” said Thorsten Herrmann, senior vice president and Germany country leader, Oracle. “In addition, we’re supporting the federal government’s objective of strengthening Germany as a hub for AI investment and innovation in Europe. With this investment, Oracle is doubling down on its commitment to helping organizations of all sizes and across every industry in Germany innovate with AI to build resilience and unlock new levels of productivity and growth.”
Banking 4.0 – „how was the experience for you”
„To be honest I think that Sinaia, your conference, is much better then Davos.”
Many more interesting quotes in the video below:
