Amid the intensifying global AI computing power competition, Google's parent company Alphabet once again demonstrated its strong financial resources and strategic resilience. According to the latest news, the company plans to issue a $20 billion (approximately 138.869 billion RMB) U.S. bond. This amount not only exceeded market expectations but also significantly surpassed the previously rumored $15 billion scale, indicating that the giant's appetite for infrastructure construction is further expanding.

The core purpose of this financing is clear: to support its grand artificial intelligence strategy, Alphabet urgently needs to invest massive funds in building and upgrading data centers. According to the company's plan released last week, its capital expenditures this year are expected to rise to $185 billion, a figure that even exceeds the total of the past three years.

This move of "borrowing money for AI" is not an isolated case. In the past year, technology giants including Amazon, Microsoft, Meta, and Oracle have issued bonds totaling over $121 billion, far exceeding the previous average. Due to the high recognition of the prospects of AI infrastructure, the long-term bonds issued by Alphabet (maturing in 2066) have seen narrowed pricing spreads, reflecting investors' strong confidence in Google's long-term competitiveness.

Key Points:

  • 💰 Expanded Financing: Alphabet plans to issue a $20 billion bond, increasing the scale by $5 billion compared to the original plan, fully investing in AI infrastructure.

  • 🚀 Rapid Spending Increase: The company's capital budget this year is as high as $185 billion, exceeding the total of the previous three years, with a focus on core AI data centers.

  • 📈 Industry Consensus: The bond issuance volume of the five tech giants reached a historical high last year, indicating that the competition in the era of large models has been fully transformed into a battle of underlying hardware capabilities.