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On Tue, 18 Mar, 4:03 PM UTC
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[1]
Oracle unveils multi-billion dollar investment in UK cloud
Oracle has revealed plans to invest $5 billion in the UK over the next few years as it looks to help the country become a leader in AI. Set to roll out over the next five years, Oracle's investment will look to meet the increasing demand for AI technology in the UK, expanding its Oracle Cloud Infrastructure (OCI) footprint across the nation. But it will also help boost the UK's government bid to become a world leader in AI, allowing more businesses of all sizes to get the most out of the technology. Oracle UK investment "We're seeing huge demand globally, and that's no different in the UK," Siobhan Wilson, senior vice president and country leader, Oracle UK, said at the company's World Tour London event. "It's no surprise how important AI investment is for the UK government," she added, "it's really important for us to understand how AI adoption can help us be innovative in the country." "The investment will expand OCI's footprint in the UK, and crucially help the UK government deliver on its vision for AI innovation and adoption. This investment into cloud infrastructure will enable more businesses in the UK to leverage Oracle's comprehensive AI and cloud computing services." This will include sovereign AI, meaning customers can run all OCI cloud services in their own data centers, as well as dedicated multicloud capabilities, and Oracle's latest generative AI innovations. "The UK is determined to lead the world in AI innovation, and today's announcement from Oracle is a testament to our nation's growing strength in this sector," added Secretary of State for Science, Innovation and Technology, The Rt Hon Peter Kyle MP. "This $5 billion investment will accelerate our AI ambitions, providing businesses and public services with cutting-edge cloud infrastructure to drive productivity, enhance security, and unlock new opportunities for growth - driving forward our Plan for Change." "By working with global tech leaders like Oracle, we're cementing the UK's position at the forefront of the AI revolution, creating high-skilled jobs, fueling innovation, and securing our place as a world-leading tech powerhouse." You might also like
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Trump ally vows to invest $5bn in Britain
The US tech giant founded by one of Donald Trump's biggest billionaire backers has vowed to spend $5bn (£3.9bn) in Britain. Larry Ellison's Oracle said it would make the investment over the next five years, expanding its data centre infrastructure and helping more businesses adopt artificial intelligence (AI). Mr Ellison, the world's fifth-richest man with a $169bn fortune, founded the company in 1977 and serves as its executive chairman and chief technology officer. He has been a key backer of Mr Trump, and is a close ally of Elon Musk, once sitting on Tesla's board and investing in the billionaire's Twitter takeover. Mr Ellison participated in a $100bn "Stargate" AI investment announced on Mr Trump's first full day in the White House. Oracle, one of the world's biggest providers of cloud computing, said the $5bn investment would allow it "to meet the rapidly growing demand for its cloud services in the UK". It said it would involve building out its cloud infrastructure in the UK, although it did not say whether this would involve constructing new data centres or expanding its existing ones. The company currently has sites in London and Newport. AI systems require vast amounts of computing power that is typically concentrated in "hyperscale" data centres. Labour has made it a priority to make it easier to build them in Britain.
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Oracle to invest $5.5 billion in cloud infrastructure in the UK
This content is provided by an external author without editing by Finextra. It expresses the views and opinions of the author. The investment will expand Oracle Cloud Infrastructure's (OCI) footprint in the UK and help the UK Government deliver on its vision for AI innovation and adoption. This will enable more organisations in the UK to leverage Oracle's comprehensive AI and cloud computing services, including sovereign AI, industry-leading multicloud capabilities, and state-of-the-art generative AI innovations. Secretary of State for Science, Innovation and Technology, The Rt Hon Peter Kyle MP, said: "The UK is determined to lead the world in AI innovation, and today's announcement from Oracle is a testament to our nation's growing strength in this sector. This $5 billion investment will accelerate our AI ambitions, providing businesses and public services with cutting-edge cloud infrastructure to drive productivity, enhance security, and unlock new opportunities for growth - driving forward our Plan for Change. By working with global tech leaders like Oracle, we're cementing the UK's position at the forefront of the AI revolution, creating high-skilled jobs, fueling innovation, and securing our place as a world-leading tech powerhouse." "The UK Government's vision is clear: use AI to help power the UK's future," said Siobhan Wilson, senior vice president and country leader, Oracle UK. "Today's announcement cements Oracle's commitment to supporting this vision. Oracle provides the world's best cloud infrastructure for AI learning and inferencing. Our cloud investment will help ensure that customers can use AI to achieve new levels of productivity, unlock growth, and benefit from superior performance and security, all with improved cost savings." Oracle is committed to expanding its OCI footprint in the UK to help public and private sector organisations in industries such as healthcare, financial services, defence, retail, and manufacturing migrate any type of workload to the cloud, modernise their applications, and innovate with AI. In addition, organisations will gain access to Oracle's multicloud capabilities and UK public and sovereign cloud regions. Oracle recently introduced 50+ AI agents within the Oracle Fusion Cloud Applications Suite to help customers successfully execute frequent, repetitive tasks across finance, supply chain, HR, sales, marketing, and service and allow employees and managers to focus their time on more strategic tasks and initiatives. With the investment of U.S. $5 billion, Oracle will be able to help more organisations across the UK take advantage of the latest AI innovations such as AI agents.
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Trump Ally Larry Ellison's Oracle Pledges $5 Billion To Boost UK's AI-Driven Cloud Infrastructure - Tesla (NASDAQ:TSLA), Oracle (NYSE:ORCL)
In a move to tap into the growing artificial intelligence (AI) industry in the U.K., Oracle Corp. ORCL has pledged to invest $5 billion in the country over the next five years. What Happened: On Monday, Oracle announced that the investment aims to expand the Oracle Cloud Infrastructure's footprint in the U.K. and support the U.K. government's drive for AI innovation and adoption. "By collaborating with global tech leaders like Oracle, we're solidifying the UK's position at the forefront of the AI revolution," stated Britain's technology minister Peter Kyle in a joint statement. "The investment will expand Oracle Cloud Infrastructure's footprint in the UK and help the UK government deliver on its vision for AI innovation and adoption," stated Oracle. At present, the UK has the world's third-largest AI industry, lagging only behind the United States and China. The Starmer administration estimates that AI could contribute £47 billion ($61 billion) annually to the UK economy over the next decade. SEE ALSO: Record-Breaking $517 Million Bitcoin Short Placed By Influential Whale -- Analyst Says The Investor Isn't Dumb Why It Matters: U.K. Prime Minister Keir Starmer is focused on easing regulatory barriers to secure substantial investment to help establish the nation as a leading "AI superpower." Interestingly, Oracle's founder Larry Ellison, who is expected to play a pivotal role in this initiative, is a long-time supporter of U.S. President Donald Trump, and a close friend of Tesla Inc. TSLA CEO Elon Musk. U.K. PM Starmer is in also talks with the Trump administration to reach a post-Brexit trade deal. This investment comes at a time when Oracle is reportedly in advanced talks with the White House to manage the U.S. operations of the Chinese short video app TikTok, amid ongoing concerns about national security. The UK's strategic push into AI, backed by Oracle's investment, could potentially reshape the global AI landscape, positioning the UK as a leading player in this rapidly evolving field. Oracle stock climbed 3.2% to close at $154.01 on Monday, as per Benzinga Pro. READ MORE: EXCLUSIVE: Reader Poll Shows Strong Approval Rating For President Donald Trump's First 52 Days In Office, But There's A Catch Image via Shutterstock Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors. ORCLOracle Corp$154.500.32%Stock Score Locked: Want to See it? Benzinga Rankings give you vital metrics on any stock - anytime. Reveal Full ScoreEdge RankingsMomentum70.03Growth48.70Quality-Value15.07Price TrendShortMediumLongOverviewTSLATesla Inc$236.10-0.80%Market News and Data brought to you by Benzinga APIs
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Oracle announces a $5 billion investment in the UK over the next five years to expand its cloud infrastructure and support the country's AI ambitions, aligning with the government's vision for technological innovation.
Oracle Corporation has unveiled plans to invest $5 billion in the United Kingdom over the next five years, aiming to bolster the country's artificial intelligence (AI) capabilities and cloud infrastructure. This significant commitment comes as part of Oracle's strategy to meet the growing demand for AI technology and cloud services in the UK market 1.
The investment will primarily focus on expanding Oracle Cloud Infrastructure's (OCI) footprint across the UK. This expansion is designed to support the UK government's vision for AI innovation and adoption, enabling more organizations to leverage Oracle's comprehensive AI and cloud computing services 3.
Key aspects of the investment include:
The UK government has expressed its determination to lead the world in AI innovation. Secretary of State for Science, Innovation and Technology, Peter Kyle MP, welcomed Oracle's investment, stating that it will accelerate the country's AI ambitions 1.
The investment is expected to:
Siobhan Wilson, Senior Vice President and Country Leader for Oracle UK, emphasized the significant demand for AI and cloud services in the UK. She highlighted Oracle's commitment to supporting the UK government's vision of using AI to power the country's future 3.
Oracle's investment aims to help organizations across multiple sectors, including:
These industries will benefit from improved capabilities to migrate workloads to the cloud, modernize applications, and innovate with AI 3.
It's worth noting that Oracle's founder, Larry Ellison, has been a key supporter of former U.S. President Donald Trump and is a close ally of Elon Musk. Ellison, the world's fifth-richest man with a $169 billion fortune, has previously participated in significant AI investments during Trump's presidency 2.
Currently, the UK boasts the world's third-largest AI industry, trailing only the United States and China. The Starmer administration estimates that AI could contribute £47 billion ($61 billion) annually to the UK economy over the next decade 4.
This investment by Oracle, coupled with the UK government's focus on easing regulatory barriers, could potentially reshape the global AI landscape and solidify the UK's position as a leading "AI superpower."
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Oracle announces a significant investment of over $6.5 billion to establish a new public cloud region in Malaysia, aiming to enhance the country's digital infrastructure and AI capabilities. This move aligns with Malaysia's vision to become a competitive player in the global AI landscape.
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14 Sources
Oracle announces significant expansions to its cloud services and introduces new AI tools, enhancing its offerings across major cloud providers and its own platforms.
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7 Sources
Amazon Web Services (AWS) announces a significant $10.5 billion investment in the UK to bolster its cloud computing and artificial intelligence infrastructure. This move aims to meet growing demand and support the country's digital economy.
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19 Sources
Four major US tech companies have pledged to invest £6.3 billion in UK data centers, supporting the country's AI ambitions and digital infrastructure. This investment comes shortly after the UK government designated data centers as critical national infrastructure.
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4 Sources
ServiceNow announces a significant $1.5 billion investment in the UK over five years, focusing on AI data processing localization, workforce expansion, and skills development programs.
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3 Sources
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