Oracle is investing $10B to expand its data center footprint as the database giant embraces cloud-based infrastructure and software services that have become its dominant business segment.

In an earnings report for the three-month period that ended on Feb. 29, Oracle CEO Safra Catz disclosed that the Austin, TX-based company plans to spend $10B to build out its data center capacity in the next year to service burgeoning demand driven by the explosive growth of GenAI.

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