Oracle plans massive AI spend in 2026, announcing $50 billion fundraising plans
Oracle, yes, revealing plans to raise about $50 billion this year, a combination of debt and equity. Now, Oracle says the capital will be used to fund its massive data center commitments for customers like OpenAI, Meta, AMD, and Nvidia. The financing plan is unique in that it does include equity, an at the market offering of 20 billion that it can exercise at any time in the near future.We've seen a number of tech companies in recent months raising debt to fund the artificial intelligence buildout. But this ...