Amazon · Tue 3 Nov

Amazon develops cloud infrastructure and custom artificial intelligence chips through Amazon Web Services alongside its consumer retail and device operations. Truncated covers its cloud offerings, hardware developments, industry partnerships and corporate strategy.

Tuesday 3 November

Big four hyperscalers raising more that $131 billion in debt and equity for AI buildout

AI-generated summary Amazon, Google, Microsoft, and Oracle announced funding plans to raise more than $131 billion in debt and equity for artificial intelligence infrastructure. Amazon disclosed an $80 billion loan facility and Microsoft stated it intends to use net proceeds from a bond offering for general corporate purposes.