Oracle Corporation ORCL disclosed that it plans to invest over $8 billion in the next 10 years to cater to Japan’s growing demand for cloud computing and AI infrastructure.
The investment will boost Oracle Cloud Infrastructure’s (OCI) footprint across Japan.
Oracle also plans to expand its operations significantly and support engineering teams with Japan-based personnel to help customers and partners address the digital sovereignty requirements in the country.
Toshimitsu Misawa, member of the board, corporate executive officer and president, Oracle Corporation Japan said, “We are dedicated to meeting our customers and partners where they are in their cloud journey. 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 requirements.”
This month, Oracle and Palantir Technologies Inc. PLTR formed a partnership to provide secure cloud and AI solutions, aiming for global impact.
Investors can gain exposure to the stock via Themes Cloud Computing ETF CLOD and IShares Expanded Tech-Software Sector ETF IGV.
Price Action: ORCL shares are up 0.51% at $119.27 premarket on the last check Thursday.
Photo: Michael Vi/Shutterstock
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