Amazon is set to raise $15 billion from its first U.S. dollar bond offering in three years, Bloomberg News reported on Monday, as big tech firms increase investments to build infrastructure for artificial intelligence.

The proceeds topped initial estimates of $12 billion, the report said.

As artificial intelligence workloads grow, big technology firms are turning to large-scale debt sales to fund infrastructure expansions that cost tens of billions of dollars.

At the peak, the bond attracted about $80 billion of demand, Bloomberg reported, citing people with knowledge of the matter. Proceeds may be used for everything, from acquisitions and capital expenditures to share buybacks.

Amazon did not immediately respond to a Reuters request for comment.

The e-commerce giant filed for a six

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