economy
Amazon raises C$14 billion in record Canadian dollar bond sale to fund AI spending
Amazon is raising C$14bn ($10bn) in Canada's largest-ever corporate bond sale, topping Alphabet's C$8.5bn record from May.
TL;DR
- Amazon raised C$14 billion in the largest-ever corporate bond sale in Canada.
- The funds are for general corporate purposes, including significant investment in AI infrastructure.
- Amazon's AI infrastructure spending is projected to be around $200 billion this year.
- This follows a global debt tour by Amazon, raising over $70 billion since the start of 2025.
- Other major tech companies like Alphabet are also issuing bonds in multiple currencies for AI investments.
- The collective borrowing by top hyperscalers for AI is projected to reach hundreds of billions in the coming years.