Oracle Plans to Raise $20 Billion for Cloud and AI Growth
Oracle plans to raise $20 billion through bonds and stock sales. The company says it expects spending on new cloud computing capacity to peak this year and next. It has pledged to keep AI-related financing to no more than $20 billion through fiscal 2030.
Quick glossaryOracle, bonds, cloud computing
- Oracle
- US software company best known for its database software and cloud services.
- bonds
- Loans that companies sell to investors, promising to pay the money back later with interest.
- cloud computing
- Renting computing power and storage over the internet from large data centres instead of owning your own servers.
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