Oracle

Oracle's cloud contracts, its debt and the AI deals behind them.

10 stories
latest 4 November 2026

Wednesday, 4 November 2026
AI's borrowing bill is rising as bond buyers demand more
Why it matters: Dearer money raises the return every data centre has to earn. If cash-rich, top-rated giants pay more, smaller AI borrowers and the lenders behind them face a much harder test.
Wednesday, 21 October 2026
Larry Ellison borrowed against his shares to fund his son's Warner bid
Why it matters: It shows how the very rich fund deals with debt rather than sales, keeping control and deferring tax in ways ordinary investors rarely can.
Tuesday, 20 October 2026
Ares and Gemes: AI debt looks safer than it is
Why it matters: A bond can pass every rating test and still fail a load nobody tested, and the insurers holding it are the ones backing retirees’ annuities.
Monday, 12 October 2026
Banks try to offload the AI data-centre debt they just underwrote
Why it matters: When the lenders closest to the AI boom start trimming their own exposure, credit, not chips, may end up setting the pace of the build-out.
Saturday, 10 October 2026
Gillian Tett: five ways to tell if market trouble lies ahead
Why it matters: Credit markets often sense trouble before stocks do, and rates, oil and AI debt are now tied together.
Saturday, 10 October 2026
Lex: why OpenAI’s fuzzy revenue numbers matter for everyone
Why it matters: AI labs’ sales now feed the valuations of chipmakers, cloud giants and even power firms, so vague numbers ripple through ordinary portfolios.
Sunday, 4 October 2026
Is circular financing in AI a problem?
Why it matters: Part of AI’s booming sales is the industry funding its own demand.
Friday, 25 September 2026
US 10-year Treasury yield at 5.183%, up 1.046 points over the past year
Why it matters: The source is a price snapshot only and gives no explanation or forecast. It sits alongside today's other stories, which are about debt-funded AI build-outs: the FT reports $18bn of construction debt on Oracle's Project Jupiter, and Business Insider says Oracle has racked up tens of billions of dollars in debt.
Friday, 25 September 2026
Oracle on the hook to pay Project Jupiter investors even if the New Mexico site has no power
Why it matters: Jupiter is the keystone of Oracle's plan to become an AI data centre player. The fee Oracle must pay would cover debt holders' interest in full plus a certain equity return for Blue Owl funds. The banks — led by BNP Paribas, Goldman Sachs, MUFG and SMBC — saw efforts to offload the debt to a broader group of institutional investors stall amid concerns over Oracle's creditworthiness, and the loans have been quoted at under 90 cents on the dollar. The four-year debt is priced at 2.5 percentage points over SOFR, with an optional two-year extension.
Friday, 25 September 2026
Leaked document shows which Oracle cloud roles were cut
Why it matters: The cuts land in the unit whose quarterly revenue Oracle reported up 121% year over year, as the company expects to spend $90–$95 billion this year on new data centers (Business Insider). Final Round AI reports that Oracle's September 11 SEC filing raised its restructuring plan by about $700 million to roughly $2.8 billion, primarily employee severance, and names adoption of AI technologies among the plan's aims. Both sources say Oracle's workforce fell by 21,000, or 13%, in fiscal 2026, to about 141,000.

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