Alphabet resorts to the credit market to finance artificial intelligence expenses
California, February 10 / WAM / Alphabet said that it sold bonds worth $20 billion in a seven-tranche offering to finance its spending on artificial intelligence infrastructure. The company issued an announcement today amid the increasing demand for credit by major technology companies after focusing on strong cash flows over the years to finance investment in new technologies. Alphabet’s announcement comes in the wake of the sale of bonds worth $25 billion, which Oracle revealed in a disclosure on the second of this February. Expectations indicate that total capital spending from Alphabet, Microsoft, Amazon.com, and Meta Platforms will reach at least $630 billion this year, with most spending focused on data centers and the artificial intelligence chips that operate them.
The seven tranches of Alphabet bonds mature every few years, starting in 2029 and ending in 2066.
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