Amazon.com is looking to raise at least $25 billion through a U.S. dollar bond sale, according to Bloomberg News. The size of the offering could increase depending on investor demand.
The tech giant has filed for an eight-part offering of floating and fixed-rate notes. This move is part of the company’s efforts to fund its significant investments in artificial intelligence (AI).
Other big tech companies, including Alphabet, Microsoft, and Meta, are also expected to spend heavily on AI this year, with total expenditures predicted to exceed $700 billion.
Original reporting: Appleton, WI News Feed (HLL/CB) — read the source article.
