Google seeks $6.7B in bond sale after $500B wipeout amid AI spending fears
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This story is aggregated from The Times of India (timesofindia.indiatimes.com). Full reporting rights and copyright belong to the primary publisher.
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 infr...
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.
Original Source
https://timesofindia.indiatimes.com/technology/tech-news/after-500-billion-was-wiped-off-its-market-value-google-seeks-6-7-billion-through-bond-sale-as-ai-spending-worries-investors/articleshow/135467304.cms
