Oracle wants to raise $20 billion to develop artificial intelligence
Published
The American technology company Oracle is looking for additional sources of funding for its investments in artificial intelligence (AI). According to the server Forbes Česko, it plans to raise a total of twenty billion dollars.
The company wants to use two main instruments for this: issuing new shares and bonds. Shares are stakes in the company that investors can buy. Bonds are a way for a company to borrow money from investors and later repay it together with interest.
Investment in artificial intelligence has become very important for large technology companies in recent years. Developing and operating powerful computers and data centres requires large amounts of money. Oracle therefore needs capital so that it can continue to develop its services in this area.
No further details are yet available about when and under what conditions the issue will take place. For readers in the Czech Republic, this is primarily a business and technology story that shows how large sums companies are now investing in artificial intelligence.
Sources: Forbes Česko
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