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00:03Oracle said on Sunday it expects to raise $45 billion to $50 billion in 2026 to build
00:10additional capacity for its cloud infrastructure, according to Reuters.
00:13The company said it plans to fund the effort through a mix of debt and equity financing.
00:19Oracle said it is raising money to meet contracted demand from large Oracle cloud
00:23infrastructure customers, including AMD, Meta, NVIDIA, OpenAI, TikTok, and XAI.
00:31Investors have scrutinized Oracle's AI infrastructure build-out as its debt rises
00:36and its business becomes more closely tied to OpenAI, which is not profitable and has not
00:42outlined how it would finance its infrastructure plans. Oracle was sued earlier this month by
00:47bondholders over alleged losses tied to its AI funding plans. The cost of ensuring Oracle's
00:52debt against default surged in December to its highest level in at least five years.
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