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-0.00036963321012221 -0.000568666477111263 0.00369633210122271 0.00497583167472269 0.00710833096388968 0.00340915553028152 0.00568666477111182 0.0108046630651124
Stock impact report

Oracle bets big on U.K. AI boom with $5 billion cloud investment [Fortune]

Kyndryl Holdings, Inc. (KD) 
Company Research Source: Fortune
“The investment will expand Oracle Cloud Infrastructure's footprint in the UK and help the UK government deliver on its vision for AI innovation and adoption,” Oracle added in a statement. Prime Minister Keir Starmer has pledged to ease red tape to attract billions of pounds of investment to help make Britain an “AI superpower”. Oracle's founder, Larry Ellison, is a close ally of US President Donald Trump, with whom Starmer is hoping to strike a post-Brexit trade deal. “By working with global tech leaders like Oracle, we're cementing the UK's position at the forefront of the AI revolution,” Britain's technology minister Peter Kyle said in the joint statement. Britain currently has the third-largest AI industry after the United States and China. Starm Read more
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