Google plans to borrow $15 billion for building data centers to expand artificial intelligence.

Summary of news about Alphabet’s plans

Alphabet is planning to raise about $15 billion by issuing high‑quality dollar bonds. This will be another step in the company’s large borrowing strategy as it actively invests in AI.

Infrastructure financing
Hyper‑scalers (cloud computing providers) plan to spend more than $650 billion in 2024 on expanding their data centers and AI solutions.

Debt market
Investors continue buying such bonds, but concerns are growing about a potential bubble around artificial‑intelligence technologies.

Bond issuance details

1. Deal structure
- Alphabet’s bonds will be sold in six separate tranches.
- The longest tranche is the 2066 maturity bond, priced at a premium of about 1.2 percent above comparable U.S. Treasury rates.

2. Currency options
- In addition to dollars, the company is considering issuing debt in Swiss francs and British pounds.
- Among the offerings are rare 100‑year bonds that attract investors looking for long‑term assets.

3. Capital plans
- Last year Alphabet announced it intends to invest $185 billion this year in business development—well above analysts’ initial forecasts.
- Fourth‑quarter earnings also beat market averages.

Alphabet bond issuance history

AI investment outlook
Bloomberg Intelligence forecasts that by 2029 total capital expenditures on artificial intelligence, cloud services and data centers will reach $3 trillion, confirming growing demand for AI infrastructure among leading tech giants.