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The parent company of Google is extending its credit strategy to include Australian dollar denominated debt to finance the expansion of its AI infrastructure. Alphabet appointed underwriters to lead a debut issuance of these bonds, marking its first foray into the Australian bond market.
This borrowing move follows a wider trend among US technology firms using global credit markets to fund intensive investments in AI. Alphabet’s debut in Australia provides a new source of capital for the company as it scales its computational power and infrastructure.
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