Steph McGovern

It's a busy day for Amazon more broadly, as it announced its first dollar-denominated bond sale in three years.

It aims to raise $12 billion in a six-part debt offering.

Remember, Spencer Soper is here to explain why Amazon might be tapping the debt market and have a feeling it's something about data centers.

Wow.

And $12 billion is but a bit of a drop in the ocean in that respect.

But I can understand when you're able to sell 40-year debt at just a percentage point over theoretical U.S.

Treasuries, it looks like a relatively cheap way of financing for some of these big names.

But, Spencer, where have we understood where the big expense is coming from from Amazon in terms of the data center?

$150 billion, is it going into the land?

Is it going into the infrastructure?

Is it going to building their own chips as well a bit more?

It feels hard, I'm sure, for those that have recently been said that they're being let go from their company, though.

And briefly, talking of AI race, it looks as though, finally, Jeff Bezos might be becoming a CEO, or at least a co-CEO again.

Project Prometheus is being reported on the New York Times, so he could be launching a startup.

Yeah, reports that it's going to have $6 billion out the gates, and it's AI for engineering and manufacturing of computers, automobiles, and spacecraft.

We know he likes Blue Origin.

Meanwhile, Bloomberg's Spencer Sofa, thanks so much for breaking it all down.

That does it for this edition of Bloomberg Tech.

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