Alphabet seeks 20 billion dollars in AI bond sale

Spending on AI infrastructure could hit 185 billion dollars this year.
Alphabet plans rare 100 year bonds to fund AI expansion.

In New York, Google parent Alphabet is preparing to issue bonds maturing in 2126 as part of a wider fundraising drive linked to AI expansion. The company is reportedly aiming to raise around $ 20 billion.

Demand for the offering has been strong, with orders said to have reached roughly 100 billion dollars. The rare century-long bonds come as Alphabet accelerates spending on data centres and energy infrastructure to support AI.

Alphabet allocated 91 billion dollars to computing infrastructure last year and expects to spend between 175 billion and 185 billion dollars this year. Rivals, including Amazon, Meta and Microsoft, are also committing vast sums to AI.

Century bonds are uncommon in the US corporate market and have not been widely used for decades. In New York financial circles, analysts note that Alphabet is increasing its long-term debt despite strong advertising revenue.

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