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 the executive vice chair of Oracle’s board. Catz will be replaced by Co-CEOS Clay Magouyrk and Mike Sicilia.
