Contemporary off bond sale, Amazon borrows $17.5B from banks as AI spending continues
Firms are burning by means of exorbitant sums of cash to maintain tempo within the AI arms race. Debt is climbing. Amidst this flurry of exercise, Amazon has signed a deal to borrow some $17.5 billion from plenty of monetary lenders, according to Bloomberg. The banks behind the mortgage reportedly embody Citigroup, JPMorgan Chase, Wells…