Amazon raised $27.5 billion in two days—does the money for the AI arms race really feel like it was blown in by strong winds?

CoinWorld News reports that Amazon has signed agreements to borrow $17.5 billion from multiple financial institutions to cope with the high capital expenditures brought by generative AI. This round of financing is led jointly by Citigroup, JPMorgan Chase, Wells Fargo, HSBC, and Bank of America Securities. The loan agreement adopts a delayed draw term loan structure, allowing Amazon to gradually draw funds according to its own schedule rather than a lump sum, providing flexibility for subsequent capital deployment. Just two days ago, Amazon completed a C$14B bond issuance. These two financing actions have raised nearly $27.5 billion in total within 48 hours. Although officials claim the funds will be used for general corporate purposes, as costs for AI infrastructure such as chips and data centers continue to rise, tech giants are heavily raising funds through credit and bond markets.