Oracle is reportedly negotiating with lenders, including Apollo and Goldman Sachs, on a major debt deal to fund artificial intelligence chips for a 1-gigawatt data center.
The talks reflect a wider shift as major technology companies seek private debt to finance AI infrastructure. Broadcom and SpaceX are also seeking tens of billions of dollars in private debt, as companies turn beyond cash flow and public bond markets to fund the build-out and meet rising demand for AI computing power.