Alphabet, Google’s parent company, sold a rare 1 billion British pound ($1.37 billion) 100-year bond offering on Feb. 10, possibly signaling a debt-fueled arms race in the artificial intelligence (AI) industry.
Technology companies have leaned on their balance sheets to bankroll the buildout of AI infrastructure, but they are increasingly tapping debt markets to fund AI capacity, highlighting their optimistic view of returns in the coming years.
