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.
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