Amazon (AMZN) is preparing to raise approximately $12 billion from the U.S. corporate bond market to accelerate spending on artificial intelligence infrastructure, according to Bloomberg. A regulatory filing revealed a six-part bond offering, though the final size has not been disclosed. The longest tranche, a 40-year bond, is expected to yield about 1.15 percentage points above Treasuries.

The move reflects a growing trend among big tech companies tapping debt markets to finance costly data center expansions for AI workloads, with Meta, Oracle, and Verizon pursuing similar strategies. Amazon plans to spend $125 billion on capital expenditures in 2025, with even higher spending expected in 2026, targeting AI expansion across its cloud and retail operations. Collectively, Amazon, Meta, and Alphabet are projected to invest $400 billion in AI infrastructure this year.

Proceeds from the bond sale could be used for acquisitions, capital improvements, or share buybacks. Recently, Amazon announced a $38 billion partnership with OpenAI to compete with Microsoft and Google in the cloud, highlighting the strategic importance of AI investments.