By Ece Yildirim
Publication Date: 2026-06-11 01:01:00
The AI industry’s efforts to build as many data centers as possible have seen a boost Trillions in global debt.
If this worries you, prepare to worry even more. Oracle said in its earnings report Wednesday that it will raise another $40 billion through debt and equity financing next fiscal year, on top of the $43 billion in debt it took on last fiscal year.
With well over $100 billion, Oracle is one of the top debt issuers in the AI competition. The money is intended to cover the record amounts of cash that the company has spent and plans to spend on the unprecedented expansion of its AI infrastructure. In the last fiscal year alone, Oracle’s capital expenditures totaled $55.7 billion, more than $5 billion higher than previous estimates, which were already considered a large commitment considering they were about twice as high as the previous year.
A year ago, Oracle’s commitment to spending money on AI would have made investors cheer…
