Oracle Reshapes For AI With Massive Capital Raise And Cerner Review
- Oracle (NYSE:ORCL) is preparing a major capital raise of about US$45b to US$50b through a mix of debt and equity.
- The company plans to use the funds to accelerate cloud infrastructure build out to support large AI focused partnerships.
- Oracle is also considering workforce reductions that could affect up to 30,000 roles and a possible sale of its Cerner health tech unit.
Oracle is best known for its database software, enterprise applications and rapidly expanding cloud infrastructure business. The planned capital raise signals a focus on large scale data center and cloud investments tied to AI workloads, an area where many large technology peers are also committing substantial resources.
For investors, this combination of fresh…
