Amazon just secured a massive $17.5 billion line of credit

Amazon has landed a $17.5 billion line of credit arranged by Citibank, according to a new SEC filing.

While the filing says the money is for “general corporate purposes,” the company is clearly on a global borrowing spree to fund its massive AI infrastructure investments, with $200 billion in planned capex this year. For perspective, that budget is larger than the entire GDP of most countries. This giant credit line comes shortly after Amazon shattered the record for issuance in Canada’s “maple bond” market.

The spending is so aggressive that credit rating agency S&P recently warned Amazon’s “leverage will increase substantially” and it will likely report negative free operating cash flow over the next two years to support the data center build-out. Yet, Amazon is rushing to borrow anyway, hoping to service a massive $364 billion cloud backlog.

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A robotics system is demonstrated during LogiMAT 2026, highlighting advances in warehouse automation. (Photo by Leonardo Gerzon/NurPhoto via Getty Images)

The robots are coming... to help small businesses, actually

Labor shortages, not bots, are the bane of so-called blue-collar businesses.

Patrick Sisson45m

Rani Molla2h

I didn’t make this up: Tesla currently has authorization for 69 unsupervised Robotaxis in Texas, according to the state’s database. That’s up from 42 — perhaps a reference to 420 — last month. While that represents growth, it’s far from the scale that CEO Elon Musk had promised.

And having permission to be on the road doesn’t mean the vehicles are actually in service.

The number of unsupervised Robotaxis has actually declined recently, despite the company’s highly publicized expansion, according to data from Robotaxi Tracker. The site has tracked 32 active unsupervised Tesla Robotaxis in the last month and just 23 in the last week.

Tesla and Musk, who once threatened to take the company private at $420, have long been fans of sophomoric numerology. You can’t actually tip in the Robotaxi app, but as a joke the company suggests tips of $0.69 or $4.20 — and if you tap them, it brings up a “just kidding” graphic.

Hyunsoo Rim

miles to go

BYD says EVs may soon take 80% of China’s new car market, as national adoption roars

The country sold six of every 10 EVs bought worldwide in 2025.

Electric car concept running on the road.

Rani Molla4h

Freight stocks fall as Amazon announces less-than-truckload offering for outside businesses

Amazon is escalating its attack on legacy logistics companies by opening less-than-truckload (LTL) shipping to outside businesses as part of its Supply Chain Services business announced last month.

Previously, businesses could largely only use Amazon’s LTL fleet to send bulk goods inbound to Amazon’s own facilities. Now, companies can use Amazon to ship partial truckloads anywhere in the US, including to rival third-party warehouses or direct to their own retail partners.

That means legacy carriers must now compete against Amazon’s 80,000 trailers, 24,000 containers, and its highly automated network.

“The feedback from Amazon selling partners using our LTL service was clear: the technology, visibility, and reliability were exactly what they needed — and they wanted to use it more broadly,” Jim Ruiz, director of Amazon Freight, said in the press release.

Industry heavyweights like Old Dominion Freight, XPO, and Saia all fell on the news. FedEx, which recently spun off FedEx Freight, is also down.

Amazon Supply Chain Services Launches Less-Than-Truckload Freight Offering for All Businesses

That means legacy carriers must now compete against Amazon’s 80,000 trailers, 24,000 containers, and its highly automated network.

Industry heavyweights like Old Dominion Freight, XPO, and Saia all fell on the news. FedEx, which recently spun off FedEx Freight, is also down.

Jon Keegan19h

Report: Google is backstopping Anthropic’s $35 billion data center deal

Google and Anthropic have always had close ties. The search giant invested early in the maker of Claude, which boosted Google’s investment returns last quarter.

But the two companies appear to be closer than we knew. According to a new report from Bloomberg, it turns out that Google is backstopping $35 billion worth of data center leases for Anthropic.

Last fall, Anthropic announced that was getting into the data center business, pledging $50 billion in a partnership with Fluidstack.

The revelation adds to concerns of so-called “circular deals,” which could lead to a domino-like collapse if one company fails.

Google’s Backstops Underpin $35 Billion Chip Deal for Anthropic

Last fall, Anthropic announced that was getting into the data center business, pledging $50 billion in a partnership with Fluidstack.

The revelation adds to concerns of so-called “circular deals,” which could lead to a domino-like collapse if one company fails.

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