New Delhi, June 11 -- Oracle is preparing to spend around $70 billion on data center expansion in the coming year, highlighting how aggressively cloud providers are investing to support the next wave of artificial intelligence workloads. The move comes as enterprises, hyperscalers, and AI companies compete for access to high-performance computing capacity, making data centers a critical battleground in the global AI infrastructure race.

The announcement follows a strong fourth quarter for Oracle, with revenue rising 21 percent year-on-year to $19.2 billion. Its cloud business remained the key driver, with total cloud revenue increasing 47 percent to $9.9 billion. Oracle Cloud Infrastructure, which supports AI, cloud, and high-performance...