Oracle Corporation (ORCL.US) unveiled plans on Tuesday to invest $3 billion over the next five years to expand artificial intelligence and cloud computing infrastructure in Germany and the Netherlands, responding to surging market demand. The cloud services giant will allocate $2 billion toward strengthening its German operations and $1 billion to enhance its Dutch capabilities.
This substantial investment aims to significantly boost Oracle Cloud Infrastructure (OCI) service capacity across both markets, with primary focus on scaling AI infrastructure at Frankfurt and Amsterdam cloud regions. Since OpenAI's ChatGPT achieved breakthrough success, technology giants have poured tens of billions into AI infrastructure development.
As a key cloud provider enabling enterprise AI platforms, Oracle has seen its stock surge 38% year-to-date. The company upgraded its annual revenue forecast in June, fueled by robust demand for AI-related cloud services. Notably, Oracle previously joined the "Stargate" joint venture initiative dedicated to providing hyperscale computing capacity for OpenAI.
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