Raising nearly $17 billion! Alphabet (GOOGL.US) makes a bold move to issue bonds across borders and aggressively invest in the AI race.

According to the People's Daily APP, under the pressure of huge AI investments, Google's parent company Alphabet (GOOGL.US) has made a large cross-border financing move. The company issued its largest ever Euro-denominated bond and introduced its first-ever Canadian dollar-denominated bond, raising nearly $17 billion in total, further expanding the scale of non-dollar financing.