Amazon seeks to raise $12 billion from US bond sale, Bloomberg News reports

(Reuters) -Amazon is looking to raise about $12 ​billion from the corporate bond ‌market in its first such deal in U.‌S. dollars in about three years, Bloomberg News reported on Monday, citing people familiar with the ⁠matter.

The e-commerce ‌giant filed for a six-part bond sale earlier in ‍the day without disclosing a size, a regulatory filing showed.

Amazon did not immediately respond ​to a Reuters request for comment.

As ‌artificial intelligence workloads grow in scale, big technology firms are turning to large-scale debt sales to fund expansion plans that cost tens of ⁠billions of dollars.

Last month,​ Meta Platforms announced ​its biggest bond sale of up to $30 billion, while ‍cloud infrastructure ⁠and software maker Oracle is also reportedly looking to raise $15 billion ⁠in bond sales.

(Reporting by Harshita ‌Mary Varghese in Bengaluru; Editing ‌by Maju Samuel)

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