Oracle to Invest $8 Billion in Cloud Services in Japan
By Kimberley Kao
Oracle plans to invest more than $8 billion in Japan over the next decade to meet growing demand for cloud computing and artificial intelligence infrastructure in the world's fourth-largest economy.
The U.S. computer technology company said late Wednesday that the investment will enlarge the footprint of its cloud infrastructure business in Japan, and "significantly expand" its operations and support engineering teams to address digital sovereignty requirements in the country.
The Austin, Texas-based company, which currently operates separate cloud services in the U.S., U.K. and Australia, said the move would help governments and businesses across Japan to move sensitive workloads to its cloud and while embracing "sovereign AI solutions."
Write to Kimberley Kao at kimberley.kao@wsj.com
(END) Dow Jones Newswires
April 17, 2024 22:36 ET (02:36 GMT)
Copyright (c) 2024 Dow Jones & Company, Inc.-
Small-Cap and Value Stocks Are Undervalued
-
Why We Expect the Job Market’s Slowdown to Renew in 2024
-
5 Undervalued Stocks to Buy to Play a Little Defense
-
Markets Brief: AI Leaders Excel In Earnings Season So Far
-
What History Tells Us About the Fed’s Next Move
-
What’s Happening In the Markets This Week
-
Alphabet’s New Dividend: What Investors Need to Know
-
Going Into Earnings, Is Palantir Stock a Buy, a Sell, or Fairly Valued?
-
SiriusXM Earnings: Decent Results With Plan for Technology and Content Investment to Drive Growth
-
Coca-Cola Earnings: Solid Volume On Innovation and Digital Engagement
-
Is Berkshire Hathaway a Buy Before the Annual Meeting?
-
Investment Opportunities in the Drug Distribution Industry
-
Why the End of Quantitative Tightening Matters
-
Eli Lilly Earnings: Strong Weight-Loss Drug Sales Expand Margins
-
After Earnings, Is Meta Stock a Buy, a Sell, or Fairly Valued?
-
After Earnings, Is Boeing Stock a Buy, a Sell, or Fairly Valued?