Oracle is reportedly seeking to raise funds just weeks after signing a landmark AI infrastructure deal with OpenAI.
According to Bloomberg, the cloud infrastructure giant plans to raise $15 billion through a multi-part corporate bond sale, citing sources familiar with the matter. The sale could include as many as seven tranches, with one potentially being a rare 40-year bond, the report noted.
The fundraising effort follows reports that Oracle recently struck a major deal with OpenAI to provide up to $300 billion worth of compute resources — a move that raised questions about how either company would finance such a massive partnership.
Oracle is also said to be in discussions with Meta over a potential $20 billion compute deal, further signaling its ambitions to become a dominant player in the AI infrastructure market.
Separately, Oracle announced on Monday that Safra Catz will step down as CEO to serve as executive vice chair of the company’s board of directors after 11 years in the role. She will be succeeded by co-CEOs Clay Magouyrk and Mike Sicilia.
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