March 18 - Oracle (ORCL, Financial) announced plans to invest $5 billion in its UK cloud infrastructure over the next five years, according to a Tuesday news release. The initiative is aimed at meeting surging local demand and supporting the UK Government's ambition for AI innovation.
The funds will expand Oracle Cloud Infrastructure's presence, enabling a wider range of organizations in sectors such as healthcare, financial services, defense, retail, and manufacturing to migrate workloads and modernize applications. The investment will also bolster advanced AI capabilities, including sovereign AI and generative innovations.
This will speed up the adoption of AI, boost productivity, boost security, help generate high skilled jobs, Innovation and Technology, said the Secretary of State for Science. Senior vice president and country leader for Oracle UK, Siobhan Wilson, noted that this investment is a further vote in kind to Oracle's promise to power Great Britain's AI future through our superior cloud performance and savings.
This $5 billion expansion marks a major milestone in strengthening the UK's technology landscape.
This article first appeared on GuruFocus.免責聲明：投資有風險，本文並非投資建議，以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請，作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考，不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證，投資者應自行研究並在投資前尋求專業建議。