Alphabet Inc. raises over $17 billion through Euro-denominated bonds and Canadian-dollar notes to fund AI investments

On May 5, Alphabet priced €9 billion ($10.5 billion) in euro bonds in a six-part sale that drew over €18.3 billion of bids, and raised C$8.5 billion ($6.2 billion) from a four-part Canadian-dollar bond sale.

The funding supports investments in artificial intelligence, Alphabet's stated use of the capital.

In the prior quarter, Alphabet's consolidated revenues surged 22% to $109.9 billion, marking the company's 11th consecutive quarter of double-digit growth, with Google Services revenues jumping 16% to $89.6 billion.