Home › Technology › Amazon Taps $80 Billion Supplier Loan Facility to Help Fund AI
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.
Amazon Taps (ORG) Amazon.com Inc. (ORG) Amazon (ORG)
Originally published by Bloomberg Technology Read original →