Amazon Bond Sale Looks to Raise At Least $37 Billion | Bloomberg Tech 3/10/2026

Massive $37-42 billion bond sale

Amazon is issuing 19 tranches of investment-grade bonds across USD and Euros, with maturities extending to 2076, to fund aggressive AI data center expansion.

Strong investor appetite despite debt load

Bondholders are accepting tight spreads of just 1.55% over Treasuries, signaling confidence in Amazon's growth even as total debt approaches $100 billion across hyperscalers.

Targeting underweight European investors

The inclusion of Euro-denominated bonds targets institutional investors who are widely underweight in tech and willing to buy 'at any price' to gain exposure.

Google AI agents roll out to 1.2 million personnel

The Pentagon is deploying Google's Gemini agents for unclassified work and negotiating classified cloud access, even as it fights Anthropic in court.

Anthropic cut off from defense contracts

Defense officials stated they are 'moving on' from Anthropic despite ongoing litigation, solidifying a three-vendor strategy with Google, xAI, and OpenAI.

AI processes 5,000 Iran targets in 10 days

U.S. Central Command is using AI tools from Project Maven to rapidly identify and narrow targets for operations in Iran while electronic warfare jams signals in the Strait of Hormuz.

Abilene expansion halted with OpenAI

Oracle and OpenAI ended plans to expand the flagship Texas data center to 2 gigawatts, highlighting customer concentration risks despite Oracle claiming 'fungibility' to reconfigure capex for other clients.

Investors demand profit acceleration

Analysts expect Oracle to demonstrate gross profit acceleration as AI infrastructure comes online, with the stock vulnerable to misses on 50%+ infrastructure growth expectations.

Legora raises $550M at $5.5B valuation

The Swedish legal AI platform secured massive funding to expand US operations and build end-to-end agents that handle complete legal workflows rather than just assisting lawyers.

Shift from hourly billing to outcome pricing

As AI agents perform entire tasks autonomously, Legora is moving law firms away from billable hours toward outcome-based pricing models.

Competition intensifies with Harvey and Anthropic

The legal AI market is seeing a renaissance with multiple players targeting the 'greenfield opportunity' of automating professional services previously stuck in the 'pre-digital era'.