Oracle Sued by Bondholders Over Losses Tied to AI Buildout

Oracle was sued on Wednesday by bondholders who say they suffered losses because the company chaired by billionaire Larry Ellison concealed its need to sell significant additional debt to build out its artificial intelligence infrastructure.The proposed class action was filed in a New York state court in Manhattan on behalf of investors who said they bought $18 billion of senior notes and bonds that Oracle issued on September 25, shortly after the software and cloud computing company signed a $300 billion, ...