Alphabet sells rare 100-year bond to fund AI expansion
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Alphabet Inc. GOOGL GOOG shares declined Tuesday as the tech giant filed documents for a $20 billion multi-tranche bond offering. According to a Securities and Exchange Commission filing submitted Tuesday,
In Alphabet's annual report, the company said AI poses business risks, including its potential impact on advertising.
Feb 9 (Reuters) - Alphabet is looking to raise about $15 billion from a U.S. high-grade dollar bond sale, Bloomberg News reported on Monday, citing people with knowledge of the matter. Technology firms are turning to debt sales worth tens of billions of dollars to fund infrastructure expansions as demand for artificial intelligence workloads surges.
Alphabet (NASDAQ:GOOG)(NASDAQ:GOOGL) is hitting its stride in artificial intelligence. Its Gemini model continues to advance rapidly in capabilities and adoption. Late last month, Google launched Project Genie,