Uber Technologies Inc. signed 7-year contracts with Oracle and Google for data cloud services. The company chose to shut down its own data centers and teamed up with the software and cloud computing firms instead after realizing the advantages of having different cloud service providers.
Oracle and Google Cloud were each given a seven-year contract which will also formally end Uber’s reliance on its own data center infrastructure. This move was said to have been triggered by the hardware supply disruptions that are affecting many tech firms today.
To put it simply, Uber decided to swap its own data centers for companies with more experience in the field. With the deal, the ride-hailing firm is planning to move its IT to Google and Oracle over the next few years. It was said that more than 95% of its IT is still in its own data centers but will gradually be transferred to its new location.
Moreover, Google Cloud and Oracle were picked for the service after spending 11 months reviewing cloud companies. It determined that having multiple providers lowers risks and allows Uber to make the most of some specific benefits provided by cloud services.
"Our partnership with Google centers around a shared commitment to putting customer experience at the forefront of everything we do," Uber’s chief executive officer, Dara Khosrowshahi, said in a press release. “We are excited to deepen our work with Google to deliver new innovations that push the boundaries of what's possible for transportation, delivery, and more."
International Data Corporation’s SVP of research, Matt Eastwood, also commented, “Cloud migration is often seen as a way of achieving the scale, performance, and security necessary to enable a digital business to thrive.”
He added, “What is particularly interesting with this partnership is the depth of the co-innovation spanning Google businesses and technologies which are being leveraged in order to deliver the technology innovation and customer experience improvements to further differentiate Uber in the marketplace."
Photo by: Austin Distel/Unsplash


Korea Zinc Plans $6.78 Billion U.S. Smelter Investment With Government Partnership
S&P 500 Slides as AI Chip Stocks Tumble, Cooling Tech Rally
Woolworths Faces Fresh Class Action Over Alleged Underpayments, Shares Slide
Asian Currencies Hold Steady as Indian Rupee Slides to Record Low on Fed Outlook
South Korea Extends Bond Market Stabilization Measures Amid Rising Financial Risks
California Jury Awards $40 Million in Johnson & Johnson Talc Cancer Lawsuit
SpaceX Begins IPO Preparations as Wall Street Banks Line Up for Advisory Roles
Oil Prices Rebound in Asia as Venezuela Sanctions Risks Offset Ukraine Peace Hopes
Asian Stocks Rally as Tech Rebounds, China Lags on Nvidia Competition Concerns
Coca-Cola’s Proposed Sale of Costa Coffee Faces Uncertainty Amid Price Dispute
SoftBank Shares Slide as Oracle’s AI Spending Plans Fuel Market Jitters
Strategy Retains Nasdaq 100 Spot Amid Growing Scrutiny of Bitcoin Treasury Model
ASX Shares Slide After ASIC Imposes A$150 Million Capital Requirement
Japan Business Sentiment Hits Four-Year High, Boosting Expectations of BOJ Rate Hike
United Airlines Flight to Tokyo Returns to Dulles After Engine Failure During Takeoff
Oil Prices Rebound as U.S.-Venezuela Tensions Offset Oversupply Concerns
HSBC’s $13.6 Billion Take-Private Offer for Hang Seng Bank Gains Board Backing 



