Alphabet selling very rare 100-year bonds to help fund AI investment
By Euan Healy, Tim Bradshaw, and Michelle Chan, Financial Times
Alphabet is issuing a rare 100-year 'century bond' as part of a massive debt offering, including a $20 billion dollar bond (upsized from $15B due to demand), to fund AI infrastructure investment. This is part of a broader Big Tech borrowing spree as companies race to build out AI capabilities.