AITechStartupsabout 1 hour ago
Oracle Raises $20 Billion for AI Expansion
3 min read
Oracle announced Monday a plan to raise $20 billion through a $10 billion stock offering and bond sales to fund AI infrastructure. Shares plunged 8.8% to $119.22, extending year losses to 39%. The equity offering priced 86.2 million shares at $116 apiece, an 11.2% discount to Friday's closing price.
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