Oracle to invest over $8 billion in Japan in cloud computing, AI

By Thomson Reuters Apr 17, 2024 | 8:14 PM

(Reuters) -Oracle said on Wednesday it will invest more than $8 billion over the next 10 years to meet demand for cloud computing and AI infrastructure in Japan.

The latest investment will grow the footprint of Oracle Cloud Infrastructure (OCI), the company’s cloud computing service, across Japan, Oracle said in a statement.

Oracle will also expand its operations and support engineering teams with Japan-based personnel, it added.

(Reporting by Maria Ponnezhath in Bengaluru; Editing by Jacqueline Wong and Christopher Cushing)