Oracle Files to Raise $20B in Stock and Bonds for AI
Oracle has filed plans to sell $20 billion of new stock and bonds. The money is meant to fund its AI buildout, meaning the construction of more data centres and computing capacity. The move shows how big tech firms are borrowing and selling shares to pay for the costly hardware that AI needs.
Quick glossaryOracle, Bonds, AI buildout
- Oracle
- A large US technology company best known for its database software and cloud computing services.
- Bonds
- Loans that investors give to a company, which the company promises to repay with interest on a set schedule.
- AI buildout
- The work of constructing new data centres and computing power so that AI systems can run at larger scale.
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