Oracle said it plans to invest $2 billion over the next five years to meet the growing demand for its AI and cloud infrastructure in Germany. This will include a significant expansion of AI infrastructure capacity in the Oracle Cloud Frankfurt Region.
"With our plans to invest U.S. $2 billion in AI infrastructure and cloud computing over the next five years, we are helping organizations across Germany accelerate their AI and cloud journeys. In addition, we're supporting the federal government's objective of strengthening Germany as a hub for AI investment and innovation in Europe," said Thorsten Herrmann, senior vice president and Germany country leader, Oracle.
For comments and feedback contact: editorial@rttnews.com
Business News
May 15, 2026 15:25 ET Apart from the confirmation of Kevin Warsh as the next Fed chair, the main news on the economics front this week included key price data from the U.S. and the first quarter economic growth figures from major economies. Both consumer prices and producer costs have started to reflect the effect of supply shocks due to the Middle East conflict. In Europe, GDP data was in focus, while inflation data from China dominated the news flow in Asia.