Oracle is reportedly seeking to secure additional capital, coming on the heels of a landmark AI infrastructure agreement recently signed with OpenAI.
According to Bloomberg, which referenced insider sources, Oracle, a major player in cloud infrastructure, aims to generate $15 billion by issuing corporate bonds. The offering may be split into as many as seven segments, with Bloomberg noting that one segment could be a rare 40-year bond.
TechCrunch has contacted Oracle to request further details.
This news surfaces only weeks after Oracle was said to have finalized a major agreement with OpenAI, providing the AI research organization with $300 billion in computing resources. This quickly raised questions about how both parties would finance such a massive arrangement.
Reports also indicate that Oracle is negotiating with Meta on a $20 billion computing deal.
On Monday, Oracle revealed that Safra Catz will step down as CEO after 11 years and transition to the role of executive vice chair on the company’s board. Clay Magouyrk and Mike Sicilia will take over as co-CEOs.
