Alphabet Launches Rare 100-Year Bond to Fund Massive AI Push
Google's parent company is betting its AI future on debt that won't mature until 2126.
Deep Dive
Alphabet is raising ~$31 billion in a global debt spree, including a headline-grabbing 100-year bond in British pounds. This funds a plan to double capital spending to $185B this year for AI data centers. The century bond alone attracted over $7.5B in orders for a $1B offering. This mirrors a broader trend, with big tech's cloud borrowing expected to hit $400B this year in an AI infrastructure arms race.
Why It Matters
This massive, long-term debt signals an all-in, high-stakes bet that AI profits will justify unprecedented infrastructure spending for decades.