Oracle, AI infrastructure buildout
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Oracle's 5-year credit default swaps are tumbling after the company announced a $50 billion debt and equity financing plan.
The capital injection aims to satisfy surging cloud demand from heavyweight clients including OpenAI, Meta, Nvidia, AMD, TikTok, and xAI.
Oracle Database 26ai embeds AI capabilities directly into production databases, enabling enterprises to deploy AI securely without moving data to external platforms.
Oracle (NYSE:ORCL) announced on Friday that it expects to raise $45 billion to $50 billion in cash this year through a balanced mix of debt and equity financing. The funds will support expansion of its Oracle Cloud Infrastructure (OCI) to deliver on massive contracted demand for AI and cloud capacity from key customers including Advanced
The Oracle/TikTok partnership has since been formalized through the establishment of the TikTok USDS Joint Venture LLC, which was finalized last week, enabling continued operations in the country with TikTok hosted on the Oracle cloud platform. Oracle is a 15 percent owner.
8hon MSN
Oracle Layoffs: Tech giant to slash 30,000 jobs as banks pull out from financing AI data centres
Over the past few weeks, several US banks have pulled off from lending to Oracle for expanding its AI data centres, as per a report.
Oracle may cut 20,000-30,000 jobs and sell Cerner as US banks pull back from AI data centre financing, reports CIO citing TD Cowen research.
Oracle said on Sunday it planned to raise $45 billion to $50 billion of gross cash proceeds during the 2026 calendar year to build additional capacity to meet contracted demand from its cloud customers, which include Nvidia, Meta, OpenAI, AMD, TikTok and xAI. The funding will be raised in debt and equity.
Oracle (NYSE:ORCL) looked like it was destined to be the next $1 trillion company last year before things made an abrupt turn. The stock has nearly halved since then, with the market cap now below $470 billion.
Oracle reportedly plans to cut 20,000 to 30,000 jobs globally to focus on AI data centres. Here's who gets impacted by the development.