Oracle is reportedly trying to raise funds a few weeks after the company inked its historic AI infrastructure deal with Openai.
According to a report from Bloomberg, cloud infrastructure giant Oracle is looking to raise $15 billion through the sale of corporate bonds. According to Bloomberg, the sale could contain up to seven different parts, with one aforementioned part likely a rare 40-year bond.
TechCrunch contacted Oracle for more information.
The report comes weeks after Oracle reportedly signed a substantial deal with Openai to provide AI Research Lab with $300 billion worth of calculations before signing a substantial deal. Questions came quickly as to how either side would pay for such a transaction.
The company is also reportedly discussing a $2 billion calculation agreement with Meta.
Oracle announced Monday that Safra Catz has moved from CEO, and instead has been at the helm for 11 years as executive vice-chair of Oracle’s board of directors. Catz will be replaced by Co-CEOS Clay Magouyrk and Mike Sicilia.
