Fresh off bond sale, Amazon borrows $17.5B from banks as AI spending continues

Amazon has borrowed $17.5 billion from banks, following a recent bond sale, as the company continues to invest heavily in artificial intelligence. The move reflects the intense spending on AI across the tech industry, with companies accumulating significant debt to stay competitive. Amazon's borrowing is part of a larger trend, as tech giants exhaust large sums to keep pace in the AI arms race. Rising debt levels are becoming a common consequence of this aggressive spending.

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