US software giant Oracle plans to invest $2 billion in Germany over the next five years in order to meet the growing demand for artificial intelligence (AI) applications and cloud infrastructure.
The funds will be largely channelled into the Rhine-Main region around the city of Frankfurt, where Oracle’s cloud infrastructure is to be expanded and capacities for AI applications significantly expanded.
Digital Minister Karsten Wildberger said that Oracle’s strategic investment demonstrates that Germany is an attractive location for digital innovation and investment.
“The increasing demand for cloud solutions shows that the digital transformation is progressing well in our country,” he said, arguing that the investment strengthens Germany’s digital infrastructure and enables companies and public authorities to benefit from state-of-the-art AI and cloud technologies.
“We want to continue along this path together with the business community and further expand Germany’s role as a leading digital centre in Europe,” Wildberger added.
Thorsten Herrmann, senior vice president at Oracle Germany, said the software company is helping organizations across Germany to accelerate their AI and cloud transformation.
The world’s largest cloud companies, including Amazon Web Services (AWS), Google and Microsoft, have previously announced investments in data centres across Germany.
The Rhine-Main region is attracting a significant number of these investments because Frankfurt is home to DE-CIX, one of the world’s largest internet hubs. This huge exchange point ensures high transmission speeds and short data transfer times.
Source: dpa.com
