AIHacker Newsabout 2 hours ago
Oracle Files to Sell $20B for AI
2 min read
Oracle filed plans on Monday to issue $10 billion in common stock and $10 billion in senior notes to finance its artificial intelligence buildout. Shares tumbled more than 6% Monday, though the company previously forecast at least $225 billion in revenue for fiscal 2030. The firm aims to reach positive free cash flow by the second half of 2028.
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