Alphabet, the parent company of Google, plans to sell bonds with maturities stretching 100 years as it accelerates spending on artificial intelligence infrastructure, according to data released Tuesday by Bloomberg. The Silicon Valley technology group is seeking to raise roughly $20 billion in total, including a portion through bonds that will come due in February 2126. Investor appetite appears exceptionally strong, with reported orders reaching about $100 billion for the offering.
Alphabet declined to comment on the transaction. The company, along with competitors such as Amazon, Meta, and Microsoft, is committing vast sums to data centers, computing capacity, and energy resources to support AI development. While some investors question whether the scale of spending is excessive, companies are pressing ahead, betting on long-term returns.
Century bonds remain uncommon in corporate finance, particularly for a cash-rich company like Alphabet. However, the intensity of the AI race has driven unprecedented capital needs. Alphabet spent $91 billion on computing infrastructure last year and expects to invest up to $185 billion this year.
