Report: Amazon to offload $8B worth of AI chips, lease them back
Amazon.com Inc. reportedly plans to offload some of its artificial intelligence chips and then lease them back. The Financial Times today cited sources as saying that the transaction would involve a special purpose vehicle, or SPV. A SPV is a type of legal entity that enterprises set up to optimize the administrative aspects of large […] The post Report: Amazon to offload $8B worth of AI chips,…
Amazon reportedly intends to offload approximately $8 billion worth of AI chips and subsequently lease them back through a specialized entity, known as an SPV. The Financial Times cites sources suggesting the transaction would involve transferring about 114,000 to 133,000 Grace Blackwell accelerators, each comprising two Nvidia Blackwell GPUs and one Grace CPU.
These accelerators, set for installation in five Amazon data centers, are projected to reduce Amazon's debt-to-equity ratio by removing associated debt from its balance sheet. This financial maneuver could positively impact Amazon's credit rating and borrowing capacity, given that tech giants collectively hold $3 trillion in off-balance-sheet obligations, many tied to AI infrastructure.
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