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. The deal has been characterized as a delayed draw term loan , meaning Amazon can draw down the funds on its own timeline rather than…
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