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Oracle news

Every Silicon AI News story involving Oracle, month by month, newest first.

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Business

Oracle plans to raise $20B, its whole limit through 2030

Oracle filed on Monday to sell $10 billion of new shares and $10 billion of bonds. Last week it promised to raise no more than $20 billion of new money through its 2030 financial year. Prices and interest rates are not set yet.

Oracle launched the two offerings in filings on Monday, November 2. It says the money is for general corporate purposes, which may include capital spending and paying back debt. Oracle is spending heavily on data centres for AI, and its shares fell on the news.

3 min read

1 story

Business

OpenAI’s revenue pace nears $50 billion, reports say

OpenAI told investors the figure for the end of September, the FT, Bloomberg and CNBC report. Earlier reports of about $70 billion counted revenue in another way, and AI chip and cloud shares fell.

OpenAI told investors that its annualized revenue was approaching $50 billion at the end of September, the Financial Times reported on October 8. Bloomberg and CNBC confirmed the figure with their own sources. Reports in late September had put it at $68 billion to $70 billion. OpenAI declined to comment.

3 min read

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Chips & Infrastructure

Oracle sent a force majeure notice on a Stargate campus

The data-centre campus is in New Mexico. Oracle says the project is still on schedule.

Oracle sent a force majeure notice to the developer of Project Jupiter, a huge data-centre campus in New Mexico linked to the Stargate effort with OpenAI and SoftBank. Bloomberg first reported it on September 24. The notice could let Oracle delay payments if the site misses its 2028 start, but Oracle says the project remains on schedule.

4 min read