Alphabet issues €3 billion bonds to fund AI investments: Report
Google's parent company Alphabet is raising €3 billion (₹30,000 crore) through euro bond sale amid massive investments in artificial intelligence and cloud infrastructure, reported Bloomberg. This deal includes six chunks of debt, with payback periods ranging from 3 to 39 years. The shortest bond will pay 0.6% interest while longest bond will pay 1.9% higher interest than standard market rate.