Oracle plans to raise $20 billion by selling stock and bonds to expand AI infrastructure

According to a Bloomberg report on November 3, 2026, Oracle launched a $20 billion debt offering to fund its AI infrastructure spending, while Alphabet was simultaneously tapping the European debt markets. The same Bloomberg piece noted that Anthropic's revenue reached nearly $17 billion in the third quarter, with investors discussing details from its amended IPO filing.

Later that day, a second report described Oracle's plan as raising $20 billion through a mix of new stock and bonds to scale up its AI buildout. The two accounts agree on the scale and stated purpose of the raise but diverge on the instruments involved: Bloomberg characterized it as a $20 billion debt offering, whereas the later piece said it would include both equity and debt, and no public clarification from Oracle has appeared in the available reports. As of the latest available coverage, the plan remains at the proposed stage, with no confirmed completion of the capital raise or start of construction.