Reported about 8 hours ago
Alphabet Inc. is set to raise at least €3 billion ($3.5 billion) in the European debt market to support its aggressive investment in artificial intelligence, following a trend of tech companies increasing spending on AI infrastructure. This bond sale comes shortly after Meta's significant $30 billion offering and reflects Alphabet's strong third-quarter earnings and rising demand for cloud and AI services. The funds will be used for general corporate purposes as Alphabet aims to enhance its capabilities in the AI space.
Source: YAHOO