Oracle Seeks 20 Billion for AI Growth
Oracle plans to raise twenty billion dollars through bond and share sales to fund its expanding artificial intelligence and cloud infrastructure. Shares fell nearly six percent as investors weighed the heavy spending plans against future revenue targets.
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ORACLE CORP plans to raise $20 billion through bond and share sales to fund its expanding AI and cloud infrastructure. Shares fell 6% following the announcement, extending a 33% decline for the year through Friday. The software giant aims to more than triple its revenue by fiscal 2030 to support heavy AI investments.
