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

Companies are burning through exorbitant sums of money to keep pace in the AI arms race. Debt is climbing . Amidst this flurry of activity, Amazon has signed a deal to borrow some $17.5 billion from a number of financial lenders, according to Bloomberg . The banks behind the loan reportedly include Citigroup, JPMorgan Chase, Wells Fargo, HSBC, and BofA Securities. …