Oracle to Raise $40 Billion More in Debt and Equity for AI Data Center Expansion
By
Ece Yildirim
Summary
Oracle announced it will raise an additional $40 billion through debt and equity financing in the next fiscal year, on top of $43 billion already raised, to fund massive AI data center spending. The company now has well over $100 billion in debt, making it one of the top debt issuers in the AI race. Despite record revenues, the aggressive spending strategy has unsettled investors.
Source
bskyOracle to Raise $40 Billion More in Debt and Equity for AI Data Center Expansiongizmodo.comKey quotes
· 3 pulledOracle said in its earnings report on Wednesday that it would raise another $40 billion in the next fiscal year through debt and equity financing, on top of the $43 billion in debt that it raised in the past fiscal year.
With well above $100 billion, Oracle is one of the top debt issuers in the AI race.
The money is meant to account for the record amounts of cash it has spent and plans to spend on the unprecedented buildout of AI data centers.
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