Alphabet Raises $32 Billion in Record Bond Sale for AI Expansion

• Google parent Alphabet Inc. secured nearly $32 billion in debt within 24 hours to fund its artificial intelligence initiatives.
• The bond sale set new records for corporate debt in the sterling and Swiss franc markets, highlighting strong investor appetite for tech and AI bets.
• The fundraising included an ultra-rare 100-year note, the first by a tech company since the dot-com era, attracting nearly 10 times the orders.
• Alphabet's capital expenditure could reach $185 billion this year, nearly double last year's spending, to support its AI ambitions.
• The surge in borrowing by hyperscalers like Alphabet, Oracle, Meta, and Microsoft is expected to reach $400 billion this year, raising concerns about bond valuations.