Oracle's AI spending blows past estimates, raising worries over growing debt reu

Oracle is spending billions on data center infrastructure to support AI.

Oracle, Blue Owl project delay sends ripples through AI financing, sources say reut.rs/4z1VbKF

PIMCO weighs $14 billion debt deal for Oracle's Michigan data center, Bloomberg News reports reut.rs/4cbzZYJ

SoftBank's OpenAI-related debt in focus as another strong quarter expected reut.rs/4tNTXzH

Applied Materials sees quarterly revenue above estimates on sustained AI spending reut.rs/4uTHvzk

Companies are burning through exorbitant sums of money to keep pace in the AI arms race. Debt is climbing.

<table> <tr><td> <a href="https://www.reddit.com/r/ChatGPT/comments/1sy51xz/openai_reportedly_missed_revenue_targets_shares/"> <img alt="OpenAI reportedly missed revenue targets.

IBM's slower revenue growth fans AI worries, shares fall reut.rs/4mLk9cd