Amazon plans $42B bond sale to fund AI investments
Business
Amazon is planning a huge bond sale, up to $42 billion, to help pay for its next wave of investments in artificial intelligence.
With tech companies racing to build bigger and smarter AI systems, Amazon is joining the trend by raising cash through bonds to help fund its AI infrastructure build-out.
Amazon not alone in this bond race
This isn't just an Amazon thing: Alphabet (Google's parent) recently raised $32 billion the same way, and Oracle wants to pull in up to $50 billion by 2026.
Amazon's sale will include both dollar and euro bonds, marketing US high-grade bonds in as many as 11 tranches, which would make it one of the larger recent tech bond offerings.