Amazon is said to tap $80 bln supplier loan facility to help fund its AI spending

Amazon is said to be drawing on the facility after a quarter that missed forecasts on sales and profit, with its $220bn capex plan left as it was.

Amazon is said to be drawing on an $80 bln loan facility from its suppliers to help pay for AI. If so, it changes how the bill is met, not how large it is.

The size of the bill is the point. Amazon reported revenue of $201.94bn against a forecast of $206.29bn, missed on sales and profit, and still left its $220bn capex plan as it was. Andy Jassy justifies the spending by pointing to AWS growth above 40% in 2027 and 2028, a forecast that has to hold for years before the outlay is repaid.

The loan facility would be one more channel beside commitments already made. Amazon has agreed this month, according to reports, to pay for AI capacity and chips well before any of it can be used, and it is reported to be in talks to buy the AI startup Decart for about $7bn, up from a $4bn valuation in a May 2026 funding round. Add the $450bn of cloud obligations and the $80bn first-half loss disclosed around the Anthropic filing, and the funding is coming from vendor credit, direct capex and the Anthropic lending arrangement at once.

That spread eases the question of where the money comes from. It does not answer whether it will be earned back. Vendor financing is borrowing all the same, and analysts judging balance-sheet strain will count it as such, whatever it is called. A company that misses on sales and profit and leaves its spending unchanged is asking investors to trust the AWS forecast, not the quarter.