Amazon takes on $17.5 billion in new debt as AI spending pushes total borrowing past $225 billion

Amazon has agreed to a $17.5 billion delayed-draw term loan led by Citigroup, the latest in a borrowing spree fuelled by its race to build AI infrastructure. The cash is available through the end of September. Each draw has a three-year repayment window. JPMorgan Chase, Bank of America, HSBC, and Wells Fargo are among more […]

This story continues at The Next Web

from The Next Web https://ift.tt/SLjtR5z