Alphabet announced that it has sold $20 billion in bonds across seven tranches to fund its spending on artificial intelligence infrastructure. The company made the announcement amid a growing trend of major technology companies turning to credit after years of focusing on strong cash flows to finance investments in new technologies. Alphabet's announcement follows Oracle's disclosure of a $25 billion bond sale on February 2nd. Total capital expenditure by Alphabet, Microsoft, Amazon.com, and Meta Platforms is expected to reach at least $630 billion this year, with the bulk of the spending focused on data centers and AI chips that power them. The seven bond tranches from Alphabet are due every few years, starting from 2029 and extending until 2066.
