Oracle has announced it is investing $3 billion in AI and cloud infrastructure across Germany and the Netherlands over the next five years.
On Tuesday, the tech giant confirmed plans to allocate $2 billion for projects in Germany and $1 billion in the Netherlands.
The move will help the busienss expand its presence across Europe, with a focus on advancing technology infrastructure to support rising demand for AI and cloud services.
It comes after the US tech firm announced plans to invest $5 billion over the next five years in UK cloud infrastructure.
According to the firm, the move aims to meet the rapidly growing demand for cloud services in the country while expanding Oracle Cloud Infrastructure’s (OCI) footprint in the UK.
Additionally, Oracle said that the investment will enable more organisations in the UK to utilise the company’s AI and cloud computing services including sovereign AI and generative AI capabilities.
Many US tech firms are expanding their presence in the European market as they continue to boost significant investments in European infrastructure with a focus on cloud computing, data centres and AI.
Earlier this year, Microsoft said it was committed to expanding its European data centre capacity as part of its “European digital commitments,” which include expanding its Azure cloud services across multiple EU countries.
Amazon also recently announced an $8.44 billion investment in Germany for cloud infrastructure as the firm already has presence in Ireland, Germany, France and other EU nations.
In June, the e-commerce giant said it is investing £40 billion in the UK over the next three years, with the investment expected to contribute an estimated £38 billion to the UK’s GDP.
Google has also extensively been investing in cloud infrastructure across Europe, including boosting funding of renewable energy projects to power its European data centres.
Earlier this month, Dell Technologies, in collaboration with global IT distributor TD SYNNEX, announced the launch of AI labs in Germany and France, with the companies planning to open a third lab in the UK by the end of 2025.
As they expand their infrastructure presence, tech giants are also boosting their collaborations with European businesses and startups.
In June, Nvidia and artificial intelligence search company Perplexity announced a collaboration with more than a dozen European and Middle Eastern organisations to develop sovereign large language models tailored to local languages and cultures.
Google Ventures, the investment arm of technology company Alphabet, continues to boost its investment in AI, including in the European market. In June, the firm led a $35 million Series B funding round in London based AI company Metaview.
