Amazon (AMZN.US) and Citigroup (C.US) and other banks have signed a $17.5 billion loan agreement to reserve funds for the expansion of AI infrastructure.

Zhitong Finance APP learned that as investment in artificial intelligence infrastructure continues to rise, Amazon (AMZN.US) is further strengthening its financial reserves to support future data center and algorithm construction. According to documents submitted to regulatory agencies on Wednesday, Amazon has signed a $17.5 billion loan agreement with a syndicate of banks led by Citi Group (C.US) to provide funding support for the company's future AI and cloud computing investments in the coming years.