Google seeks $6.7B in bond sale after $500B wipeout amid AI spending fears

Google seeks $6.7B in bond sale after $500B wipeout amid AI spending fears

Google parent Alphabet is initiating a bond sale in response to a significant market value decline. The company is targeting $6.7 billion through €6 billion in debt offerings. Investors have expressed concerns about the costs associated with expanding artificial intelligence infrastructure. Despite these worries, demand for the new bonds has reportedly exceeded €17 billion.

Source : TOI

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