Technology
Amazon Taps $80 Billion Supplier Loan Facility to Help Fund AI
Key Points
Amazon Taps $80 Billion Supplier Loan Facility to Help Fund AI Amazon.com Inc. has set up supplier financing arrangements to borrow as much as $80 billion against the value of hardware it buys, the company’s latest move to preserve financial flexibility as it spends hundreds of billions on artificial intelligence infrastructure. Amazon has so far funded data center construction and purchases of chips with the cash from its cloud-computing and retail operations, and with its biggest-ever...
Amazon Taps $80 Billion Supplier Loan Facility to Help Fund AI
Amazon.com Inc. has set up supplier financing arrangements to borrow as much as $80 billion against the value of hardware it buys, the company’s latest move to preserve financial flexibility as it spends hundreds of billions on artificial intelligence infrastructure.
Amazon has so far funded data center construction and purchases of chips with the cash from its cloud-computing and retail operations, and with its biggest-ever corporate bond sales.