Amazon.com Inc. raised $15 billion in its first US dollar bond offering in three years, adding to a spree of jumbo debt sales by technology firms as they race to fund artificial intelligence infrastructure.

The proceeds of the deal—which topped initial estimates by $3 billion — will be used for everything from acquisitions and capital expenditures to share buybacks, according to people with knowledge of the matter.

At its peak, the bond attracted about $80 billion in demand before orders were cut in half as borrowing costs fell during the sale process, said the people, who asked not to be identified discussing private details.

Monday’s sale comes after Google parent Alphabet Inc. earlier this month sold $25 billion of debt in the US and Europe. Meta Platforms Inc. issued $30 billion of

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