Oracle to raise $20 billion to expand AI infrastructure

Oracle has filed to raise $20 billion through the sale of stock and bonds. The proceeds will be used for a massive expansion of infrastructure for artificial intelligence.

The corporation's financial strategy is aimed at strengthening its position in the cloud computing and data center market, which powers modern neural networks. The growing needs of the industry require unprecedented capital investment in hardware.

The new funding round reflects a general market trend where tech giants are increasing investments in data centers and computing power for training and running large-scale models.