Alphabet Inc. raised over $40 billion through a multi-currency bond issuance to finance expanding artificial intelligence initiatives. The Google parent company issued debt in euros and Swiss francs, with a yen-denominated bond offering nearing completion. This strategy secures long-term, low-cost funding for significant capital expenditures in AI infrastructure.
Industry-wide AI spending is projected to reach $725 billion this year. High investment levels have pushed tech sector free cash flow to its lowest point in over a decade. Alphabet follows competitors in leveraging debt to maintain a competitive edge in AI development.