Oracle plans $20 billion in stock and bonds to finance AI buildout

Oracle filed plans to raise $10 billion in common stock and $10 billion in senior notes for its AI infrastructure buildout. The investment-grade bond offering was reportedly underway on Nov. 2, after Oracle outlined its fundraising at an investor day the previous week. Oracle plans to use the proceeds for general corporate purposes, potentially including capital spending, debt repayment and future investments. The reported uses do not specify an amount for AI construction.