Alphabet is returning to the European bond market with a multi-tranche offering to raise at least €3 billion ($3.5 billion). The proceeds from this sale are intended for general corporate purposes, specifically to help finance significant spending on artificial intelligence and cloud infrastructure. This marks the company's second venture into Europe's bond market this year, following a €6.75 billion sale earlier. The offering consists of six euro-denominated tranches with maturities ranging from three to 39 years. This move to diversify funding sources comes as Alphabet and other tech giants continue to heavily invest in the competitive AI landscape. The company recently reported record third-quarter revenue, largely driven by its cloud and AI services.