Amazon.com Inc. raised tens of billions of dollars through a multi-tranche bond sale. The offering features fixed and floating-rate notes maturing between 2029 and 2066. Proceeds will fund the expansion of Amazon’s artificial intelligence and data center capabilities.
A U.S. federal court dismissed an $840 million lawsuit brought by Vietnamese supplier Gilimex. The court dismissed the case with prejudice after ruling the plaintiff committed fraud on the court. Judges found that Gilimex submitted forged documents during the proceedings.
Amazon continues to prioritize heavy capital expenditures for AI development. Investors are currently weighing these infrastructure costs against the company's long-term growth potential.