[BIG TECH]■ STORY TIMELINE
AMAZON BORROWS $17.5B AS AI SPENDING ACCELERATES
Amazon secured a $17.5 billion bank loan following a recent bond sale, underscoring the massive capital requirements of the artificial intelligence race. The borrowing reflects broader industry trends as tech giants compete to fund AI infrastructure and development.
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Companies are burning through exorbitant sums of money to keep pace in the AI arms race. Debt is climbing.