Oracle is planning to raise $15 billion through corporate bond sales, according to a Bloomberg News report on Wednesday. The company intends to offer 25 million shares priced between $18 and $22 each. The funds raised will be allocated towards expanding Oracle's cloud infrastructure, which is essential to meet the increasing demand for artificial intelligence services.
This initiative reflects Oracle's strategy to enhance its presence in the competitive cloud services market, where rivals like Amazon Web Services and Microsoft Azure have a significant lead. By bolstering its cloud infrastructure, Oracle aims to attract a broader customer base and capture a larger share of the rapidly growing AI market.
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