Alphabet taps $25 bn bond market to bankroll AI spending
Alphabet filed a 424B5 prospectus to sell up to $25 billion of senior unsecured notes, with maturities ranging from 2 to 40 years. Proceeds will fund its exploding AI infrastructure costs, offsetting a free‑cash‑flow shortfall and marking a rare move by a cash‑rich tech giant to rely on debt. Investors face higher yields but gain direct exposure to Alphabet’s AI expansion.