Alphabet Inc. accelerated its Gemini AI project on August 17, 2026. Co-founder Sergey Brin is driving faster development to compete with rivals Anthropic and OpenAI. The company appointed Koray Kavukcuoglu as the chief AI architect at DeepMind to strengthen its leadership.
Alphabet is planning its first-ever Australian dollar bond sale to fund these growing AI investments. The company aims to raise approximately A$5 billion ($3.6 billion). This transaction marks a historic moment for the Australian corporate bond market. Alphabet has hired banks to explore the deal and expects a price guidance announcement soon.