Oracle plans to raise $20 billion for its artificial-intelligence infrastructure expansion, issuing $10 billion in common stock and $10 billion in senior notes. The proceeds may support capital spending, debt repayment, and other investments. The fundraising had already been described at an investor day, where Oracle also forecast at least $225 billion in revenue for fiscal 2030 and said it would cap additional capital-market financing at $20 billion for its fiscal 2027-2030 investment cycle. The company aims to reach positive free cash flow in the second half of 2028, partly through vendor financing, customer-supplied hardware, and customer prepayments.
Investors remain concerned about the scale of Oracle’s borrowing and whether its AI investments will deliver as promised. Its shares fell more than 6% on Monday, are down 33% this year and 50% over 12 months, and the company had $125.34 billion in debt as of August 31. S&P rates Oracle BBB-, just one level above junk, while its 2031 bond yields 7.267% and credit-default-swap costs have risen sharply. Analysts noted that the financing plan was expected and that limiting new market funding offers some reassurance. But Oracle’s ability to execute its investment plans is crucial: needing to return to capital markets for more money in 2027 could intensify investor worries.
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Sava Trust Company, a YC F25 startup building a modern, full-stack regulated trust company, is hiring a founding engineer in New York City. The role offers $150,000-$250,000 in salary and 0.50%-1.25% equity. (ycombinator.com)
Anthropic’s IPO filing reports $1.7 billion in quarterly personnel costs, averaging about $107,000 per employee each month. The figures highlight the company’s high staffing expenses as it prepares to go public. (techspot.com)
Disney is preparing thousands of layoffs as some managers are asked to find 20% in annual savings. CEO Josh D’Amaro plans to reinvest some savings in entertainment, technology, theme parks and cruises. (bloomberg.com)
Anthropic reportedly generated $16.8 billion in Q3 revenue, up 45% from Q2, but added fewer dollars than in the prior quarter. A reported July run rate suggests revenue growth slowed further by late summer, prompting calls to temper AI demand and valuation expectations. (regenerator1.com)
Anthropic’s IPO filing reveals nearly $900 billion in long-term spending commitments, including at least $582 billion in non-cancelable contracts, while unaudited results show revenue growth slowing. The author argues the SEC should block the IPO because investors and retirement savers could bear losses if the company cannot meet its obligations. (techpolicy.press)
Squarespace is cutting about 19% of its global workforce, or roughly 300 jobs, as it restructures to simplify operations and focus priorities. The move comes as AI-powered website builders reshape the industry and Squarespace expands its own AI tools. (techcrunch.com)
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