Oracle Plans $50B Fundraising to Support AI Expansion
Oracle aims to raise $50 billion via equity and debt to fund AI infrastructure and data-center growth, easing investor concerns about financing its OpenAI partnerships.
Access a continuous stream of concise, high-impact reporting on artificial intelligence across global markets and industries. This section aggregates short-form coverage of corporate announcements, funding activity, product launches, regulatory actions, executive moves, and strategic partnerships, delivering essential developments with speed and clarity. Designed for efficient consumption, it prioritizes material updates and market-moving information while complementing longer-form analysis and in-depth industry coverage.
Oracle aims to raise $50 billion via equity and debt to fund AI infrastructure and data-center growth, easing investor concerns about financing its OpenAI partnerships.
Snowflake has partnered with OpenAI to embed AI models directly into its cloud platform, enabling enterprises to analyse data and automate workflows using natural language queries.
Ring’s AI-powered Search Party, which scans camera networks to locate lost dogs, is now available to all U.S. users, including those without Ring cameras.
Carbon Robotics introduces the Large Plant Model, allowing autonomous LaserWeeder robots to identify and target weeds in real time using AI trained on 150M plant images.
Sabre says the travel industry’s shift toward agentic AI will only succeed if trust and security are built into autonomous systems from the ground up.
Africa-based travel technology company Tripesa has launched Roamio, an AI-powered travel marketplace designed to connect travellers with local experts through intent-driven trip planning.
Former Google engineer Linwei Ding was convicted of stealing AI trade secrets to benefit two Chinese companies. He faces multiple counts of economic espionage and trade secret theft.
Perplexity has agreed to a $750 million, three-year deal with Microsoft to use Azure and access frontier AI models from OpenAI, Anthropic, and xAI, Bloomberg reported.
China has approved AI startup DeepSeek to purchase Nvidia H200 chips, with conditions still being finalized. The move follows U.S. export approval and comes amid scrutiny over potential military use.
ServiceNow has selected Anthropic’s Claude as its default AI model for Build Agent and across its AI platform, aiming to automate workflows, accelerate app development, and boost internal productivity.