TNB Tech Minute: Amazon Will Issue at Least $25 Billion in New Bonds

**SPEAKER_1** (0:00)
This episode is sponsored by Anthropic, the makers of Claude.

**Kei Ju** (0:04)
K.

**SPEAKER_1** (0:04)
Ju co-founded Genspark, an all-in-one AI workspace. He credits his success to collaborating with trusted partners. Hear from him at the break.

**Anthony Bansie** (0:16)
Here's your afternoon TNB Tech Minute for Tuesday, July 7th. I'm Anthony Bansie for The Wall Street Journal. Amazon is expecting to issue at least $25 billion of new US dollar bonds today. That comes just four months after it issued $37 billion in bonds in the US market. The company has also raised more than $20 billion by issuing bonds in euros and Canadian dollars in recent months. Amazon, along with other tech giants like Alphabet, Meta, and NVIDIA has been tapping the bond market to invest in the AI infrastructure boom.
Electric vehicle maker Rivian has disclosed plans to sell 75 million shares of common stock. The automaker said it will use the proceeds from the sale for general corporate purposes, including equity requirements for a US. Department of Energy loan meant to support construction of its upcoming EV manufacturing facility in Georgia. Rivian recently began selling the R2, a new SUV with a lower price tag than its previous models. It's seeking the same level of mainstream sales success Tesla had with its Model Y, as it builds up its autonomous driving technology.
And the US trade deficit widened by more than 42% in May, as companies imported more products like pharmaceuticals, vehicles and semiconductors for the AI boom. That marked its highest level since March 2025, when companies were racing to import goods ahead of President Trump's new tariff rollout. Exports fell by more than 3% and imports picked up by 3.3% on the month, aided by strong demand for goods related to the AI buildout, including semiconductors and computer accessories.
That's your TNB Tech Minute. Check back in the morning for another quick tech update.

**SPEAKER_1** (2:01)
When Anthropic shares a new Claude model, it's an exciting day in the GenSpark offices, says co-founder Kei Ju. Here he is to tell us more about the partnership.

**Kei Ju** (2:10)
We're always exploring and trying the newest technologies to execute faster. All our engineers are very curious about the latest advancement for the latest models. So every time we got this request, it's kind of like an invitation to the party.