Oracle earnings will show whether its expensive AI bet is starting to pay off
CNBC
Oracle's $300 billion deal with OpenAI established it as a major player in AI cloud computing alongside Amazon, Google and Microsoft.
Oracle reports third-quarter earnings on Tuesday, and it will be an unofficial test for the artificial intelligence trade.
Following the announcement of a $50 billion financing plan at the beginning of February that included debt and equity, investors have been eager to understand the pace of dilution for current stockholders. "The cadence matters," said Gil Luria, equity analyst at DA Davidson, told CNBC.
Of all the hyperscalers that are leaning into AI cloud computing, Oracle has had to rely the most on financing measures to fund its ambitious data center buildout plans. Its latest debt raise included a $5 billion convertible preferred offering and roughly $25 billion in senior notes at different maturities, according to a credit investor who spoke to CNBC. The deal was oversubscribed, indicating strong demand.
China-based usage of OpenClaw has already topped that of the U.S., while driving demand for Chinese lower-cost AI models.
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Amazon asked the FCC for a waiver or 24-month extension to meet a July 2026 deadline to deploy 1,600 internet satellites.
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Moltbook was built for OpenClaw agents, and OpenClaw's founder, Peter Steinberger, was hired by OpenAI.
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The announcement comes on the back of a bumper start to the week for European AI companies.
Oracle's $300 billion deal with OpenAI established it as a major player in AI cloud computing alongside Amazon, Google and Microsoft.
Nvidia is planning to lean into the agentic AI craze and launch an open-source platform for AI agents called 'NemoClaw,' according to a report.
The NAACP has accused Mississippi regulators of rushing a meeting to approve xAI plans for a massive, methane-burning power plant in Southaven.