Alphabet selling very rare 100-year bonds to help fund AI investment

Alphabet is selling bonds across multiple currencies, including rare 100-year securities, to finance massive AI infrastructure investments as Big Tech prepares to spend nearly $700 billion on AI development this year. Google's parent company plans to invest up to $185 billion in capital expenditures—roughly double last year's spending—to expand its Gemini AI assistant. Strong investor interest drove bond yields lower than expected, reflecting confidence in Alphabet's ability to capitalize on the AI boom despite unprecedented spending levels.