# long‑dated debt

Alphabet Prepares $15bn Bond Sale to Fuel an AI Spending Boom — Even as Investors Warily Watch for Oversupply

Alphabet is seeking about $15 billion in a multi‑tranche bond sale to help fund a sharply higher capital expenditure plan focused on AI infrastructure, including long‑dated maturities and potential foreign‑currency issuance. The offering underscores how major tech firms are increasingly relying on debt to finance a costly AI arms race that has drawn strong investor demand but raised concerns about overinvestment and long‑term returns.