Alphabet completes $17 billion multicurrency bond offering to fund AI infrastructure and data center expansion planned for 2026.

Alphabet raised over $17 billion through a multicurrency bond offering that includes large euro and Canadian dollar tranches, aimed at funding AI expansion and infrastructure.

The bond financing gives Alphabet additional capital to support high spending on AI and data centers without relying solely on internal cash generation, while adding leverage to the company's balance sheet.

The funding move is tied to expected record AI infrastructure and data center spending in 2026, and comes as large technology companies face pressure on free cash flow and adjust share buyback activity.