Oracle to Invest More Than $8 Billion in Cloud Computing and AI in Japan [Yahoo! Finance]
Oracle Corporation (ORCL)
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Source: Yahoo! Finance
AUSTIN, Texas and TOKYO April 18, 2024 /PRNewswire/ -- Oracle Corporation Japan today announced that it plans to invest more than $8 billion over the next 10 years to meet the growing demand for cloud computing and AI infrastructure in Japan . The investment will grow Oracle Cloud Infrastructure's (OCI) footprint across Japan . In addition, to help customers and partners address the digital sovereignty requirements in Japan , Oracle will significantly expand its operations and support engineering teams with Japan -based personnel. "We are dedicated to meeting our customers and partners where they are in their cloud journey," said Toshimitsu Misawa , member of the board, corporate executive officer and president, Oracle Corporation Japan. "By growing our cloud footprint and providing a team to support sovereign operations in Japan , we are giving our customers and partners the opportunity to innovate with AI and other cloud services while supporting their regulatory and sovereignty
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