Oracle is raising $20 billion from investors to fund its expansion in artificial intelligence.
November 2 (Reuters) – Oracle Corp (ORCL.N) announced on Monday that it plans to raise $20 billion through the issuance of bonds and shares, as the software giant seeks capital from investors to fund the development of its costly AI and cloud infrastructure.Later that day, Oracle priced the 86.2 million shares offered at $116 per … Read more