Jul 29, 2026
Oracle Corp. faces potential credit rating downgrade as its aggressive AI infrastructure spending, including massive data center investments, outpaces cash flow generation. The company is turning to bond markets to finance expansion.
Record fiscal 2027 budget of over 800 trillion won ($530.97 billion) proposed by Seoul, fueled by a 500 trillion won tax revenue estimate driven by record profits at SK Hynix and Samsung Electronics amid the global AI semiconductor boom.
Kazakhstan signed agreements with startup Firebird Inc. on computing projects involving Nvidia Corp. that could bring up to $10 billion in investment as the Central Asian nation seeks to capitalize on AI infrastructure demand.
Bitcoin miner Core Scientific announced plans for a $3.3 billion speculative-grade debt offering to refinance short-term debt and scale AI data center infrastructure, with six facilities leased to CoreWeave expected to generate $10 billion in revenue.