# Databricks

Alphabet Taps Debt Market for $20bn AI War Chest as OpenAI Readies ChatGPT Upgrade

Alphabet plans to raise about $20 billion through dollar bonds, including very long-dated tranches, to fund AI and other growth initiatives. The move coincides with OpenAI reporting renewed user-growth momentum and preparing to release an upgraded chat model, underlining an intensifying AI competition that is reshaping corporate finance decisions.