Oracle invests $5 billion in UK AI development

Oracle has announced plans to invest $5 billion in the UK over the next five years. This investment aims to help the UK become a leader in artificial intelligence (AI). The funding will expand Oracle Cloud Infrastructure (OCI) across the country, meeting the growing demand for AI technology. It is also intended to support the UK government's ambition to enhance AI innovation among businesses and public services. Siobhan Wilson, a senior executive at Oracle, highlighted the significant global demand for AI and the need for the UK to adopt these technologies. The investment will allow more companies to use Oracle's AI and cloud computing services. The UK's Secretary of State for Science, Innovation and Technology, Peter Kyle, praised Oracle's commitment. He stated that the investment would boost productivity, security, and growth opportunities in the UK. This partnership with Oracle is seen as a step towards strengthening the UK’s position in the global tech landscape. The initiative is expected to create high-skilled jobs and promote innovation in the AI sector.