Oracle is reportedly looking to raise $15B in corporate bond sale
Oracle, the multinational technology company, is reportedly planning to raise $15 billion through a corporate bond sale. This move comes shortly after the company was said to have signed a $300 billion compute deal with OpenAI, a significant development that caught the market by surprise. The article does not provide further details about the purpose or the specific use of the funds that Oracle intends to raise through the bond sale. However, the scale of the reported deal with OpenAI suggests that Oracle may be seeking to bolster its financial resources to support its ongoing operations and potential future investments or acquisitions. Overall, the news highlights Oracle's ambitions to expand its presence and capabilities, particularly in the rapidly evolving field of artificial intelligence, as it seeks to maintain its competitiveness in the technology industry.
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