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Oracle Seeks to Raise $18 Billion in Debt to Fund AI Cloud Push

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Oracle is planning to raise $18 billion in debt, according to a regulatory filing on Wednesday, as it accelerates investment in cloud infrastructure to meet soaring demand from artificial intelligence clients.

The enterprise software and cloud services giant has been expanding its capital spending to deliver on major contracts, including agreements with OpenAI, which are expected to drive significant growth in its cloud business.

According to a pricing term sheet filed with the U.S. Securities and Exchange Commission, Oracle will sell the debt in six tranches.

In a separate filing, the company said proceeds could be used for general corporate purposes, including stock buybacks, debt repayment, or acquisitions, in addition to infrastructure investment.

The debt sale highlights how rising AI adoption is reshaping the priorities of major tech firms, with Oracle joining a growing list of companies tapping capital markets to finance the costly buildout of hyperscale data centers.

Nebius to Raise $3 Billion Following Landmark Microsoft Deal

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AI infrastructure company Nebius Group announced Wednesday it will raise $3 billion to accelerate growth in its artificial intelligence cloud business, just days after striking a $17.4 billion deal with Microsoft.

The funding package includes a $2 billion private offering of convertible senior notes and a $1 billion underwritten public offering of class A shares. Goldman Sachs will serve as the lead book-running manager, joined by Morgan Stanley, BofA Securities, and Citigroup.

Nebius said the funds will be used to expand its compute and hardware capacity, secure land from reliable providers, and grow its data center footprint.

The announcement follows Monday’s news that Nebius will provide Microsoft with GPU infrastructure capacity for five years, a contract worth up to $19.4 billion if additional services are included. The deal sent Nebius’ Nasdaq-listed shares soaring 49% to a record high on Tuesday, though they slipped 5.6% in pre-market trading Wednesday. Year to date, shares have climbed an impressive 245%.

Nebius was formed after splitting assets from Russian tech company Yandex. Its rise highlights the surging demand for data center capacity worldwide, driven by the explosive growth of generative AI technologies.

Meta Partners with PIMCO and Blue Owl for $29 Billion Data Center Expansion in Louisiana

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Meta (META.O) has enlisted U.S. bond giant PIMCO and alternative asset manager Blue Owl Capital (OWL.N) to lead a $29 billion financing effort for its data center expansion project in rural Louisiana, according to a source familiar with the matter. PIMCO is expected to manage approximately $26 billion in debt financing, likely issued through bonds, while Blue Owl will contribute around $3 billion in equity.

Bloomberg News earlier reported that Meta had been working with Morgan Stanley (MS.N) on raising funds, with Apollo Global Management (APO.N) and KKR (KKR.N) also in contention to lead the financing until the final stages of negotiations. Meta, PIMCO, and Blue Owl declined to comment on the details.

This financing move supports Meta’s broader push to build AI infrastructure. Recently, the company disclosed plans to divest about $2 billion in data center assets as part of a co-development strategy to share construction costs for generative AI facilities. CEO Mark Zuckerberg has announced intentions to invest hundreds of billions into AI data centers, including the upcoming Prometheus and Hyperion centers—expected to come online in 2026 and scale to 5 gigawatts respectively.

The initiative underscores Meta’s aggressive investment in AI technology amid an ongoing talent war for engineers and competition in the AI sector.