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Alphabet Seeks $3.6 Billion for Aussie Dollar Bond Sale Amid AI Boom

Guavy AI Editorial Team
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Alphabet Inc., the US tech giant behind Google, has begun marketing its debut Australian dollar bond sale as part of its latest multi-billion dollar fundraising efforts. The company is targeting a massive A$5 billion ($3.6 billion) in this deal, with AI spending skyrocketing.

The firm is offering Aussie dollar notes in four maturities, including one as long as 20 years. This move comes as Alphabet continues to invest heavily in artificial intelligence and related technologies.

People familiar with the matter have confirmed that the company is seeking to raise A$5 billion through this bond sale, which would be used to fund its growing AI initiatives.

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