Facing the increasingly intense global AI competition, Google's parent company Alphabet once again demonstrated its remarkable fundraising capabilities. According to a report from Yicai, Alphabet officially launched a high-rated U.S. dollar bond issuance plan on Monday, with an estimated fundraising amount of approximately 20 billion U.S. dollars.

Where will this huge sum be invested?

According to the issuance plan, the funds will mainly support the company's capital expenditure budget of up to 185 billion U.S. dollars in 2026. Alphabet clearly stated that the focus of the investment will be on AI infrastructure areas such as AI chips, data centers, and cloud computing.

Market Reaction: Capital is pouring in fiercely.

Although this is the company's third large-scale U.S. dollar bond financing in just four months, investors' enthusiasm remains undiminished. It is reported that this bond issuance attracted more than 100 billion U.S. dollars in subscription orders, with an oversubscription multiple of up to five times. This fully indicates that the capital market has strong confidence in Google's long-term position in the AI field.

Industry Insight: The "money power" competition among major companies.

At this key point in 2026, the AI competition is no longer just a battle of algorithms, but also a hard confrontation of resources and infrastructure. Alphabet's frequent and large-scale financing activities aim to lock in funds in advance, building a higher competitive moat in the computing power resources and cloud service markets.