Alphabet Bets on 100-Year Bond to Fuel AI Infrastructure Binge
Google's parent is selling century-long sterling debt as it races to fund massive AI infrastructure buildout.
Alphabet is going old school to fund its AI future. The company is preparing to issue a 100-year sterling bond — a financial instrument so rare it's only been done once before in tech history, when IBM pulled it off back in 1996.
The century bond comes alongside a massive $15 billion dollar bond sale already in motion. Translation: Google's parent is borrowing like crazy to keep pace with its exploding capital expenditure needs.
The AI arms race doesn't come cheap. Building out data centers, buying GPUs, and scaling infrastructure requires serious cash. Rather than drain reserves, Alphabet is locking in long-term debt at today's rates.
Banks are already lined up for the deal. The sterling denomination adds international flavor to what's essentially a bet that Alphabet will still be printing money in 2125.