Alphabet to Raise $20 Billion in High-Grade Bond Sale to Fund AI Infrastructure Buildout

Alphabet (GOOGL) announced plans to raise $20 billion through a high-grade U.S. dollar bond sale, significantly increasing its debt issuance to fund its aggressive AI infrastructure investments.

• The final debt issuance amount represents a $5 billion increase over earlier estimates.
• The capital is essential to sustain the costly 'AI-first' pivot, following the company's forecast that 2026 capital expenditures will exceed $180 billion.