Alphabet Inc. is raising nearly $60 billion in four months to finance its artificial intelligence expansion. This global fundraising effort includes a $17 billion bond sale and offerings in the euro, Canadian dollar, and Japanese yen.
This borrowing spree ranks as one of the largest in corporate history. The amount raised in this short period is four times greater than all bonds Alphabet sold in its first 26 years of business.
The capital supports competition in an AI infrastructure race projected to reach multi-trillion dollar levels by 2030. This pivot signals a strategic shift toward heavy investment in AI capabilities.