Oracle Secures Massive $15B Funding to Supercharge AI and Data Center Expansion
Oracle just pulled off one of the biggest capital raises in tech history—and they're putting every dollar toward dominating the AI infrastructure race.
The Cloud Arms Race Heats Up
That $15 billion war chest signals Oracle's serious about challenging cloud giants. They're building data centers faster than startups burn through VC funding—with AI capabilities becoming the new battleground for enterprise contracts.
Infrastructure or Irrelevance
This isn't about keeping lights on—it's about survival. Legacy tech firms either transform into AI-first platforms or become digital fossils. Oracle's betting billions that enterprises will want AI solutions from someone who actually understands business software.
Wall Street's watching whether this becomes a genius pivot or another case of old tech throwing good money after bad trends. Because nothing says 'innovation' like borrowing $15 billion to play catch-up.
Oracle replaces leadership with dual-CEO setup
Oracle just scrapped its long-term CEO transition plan and shoved two execs straight into the top seats. Clay Magouyrk and Mike Sicilia were both made co-CEOs on Monday, even though the original plan was to promote them in a year or two.
In June, they were both elevated to president, but the company decided to push things forward. The new setup comes right after Oracle locked in a deal with OpenAI, saw its biggest stock jump since 1992, and closed in on keeping TikTok as a long-term cloud client.
Clay, 39, is taking the lead with a $250 million stock package, while Mike, 54, gets $100 million, according to Oracle’s latest regulatory filing. The titles are the same, but the numbers aren’t. Clay is clearly positioned as the primary decision-maker here.
Now they’ve got work to do. Clay and Mike are in charge of executing Oracle’s mega-deals, especially the one with OpenAI. They’re also expected to integrate AI across all of Oracle’s software products and keep the company’s Core database business alive, since that’s still where most of the profits come from. With massive spending and executive power moves all happening at once, they’re not getting a warm-up period.
Oracle partners with OpenAI and SoftBank on massive data center push
OpenAI is pouring $400 billion into new U.S. data center builds alongside Oracle and SoftBank. As Cryptopolitan previously reported, the plan includes five sites across Texas, New Mexico, and Ohio. These sites will carry 7 gigawatts of power, which is about the same as a medium-sized U.S. city. The builds are part of something called Stargate, which Oracle and OpenAI have been quietly developing for months.
The expansion is part of a $500 billion pledge the companies made after Donald TRUMP returned to the White House. The entire setup is meant to support OpenAI’s growing needs, including for ChatGPT, which now hits 700 million users every week. The three firms announced the infrastructure rollout at a press event in Abilene, Texas, where the first Stargate center is already underway.
At that press conference, Sam Altman, OpenAI’s CEO, said, “We will push on infrastructure as hard as we can because that is what will drive our ability to deliver amazing technology and basic products and services.”
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