Alphabet sells rare 100-year bond to fund AI expansion as spending surges

By Yoruk Bahceli, Aditya Soni, Zaheer Kachwala and Matt Tracy Feb 10 (Reuters) - Alphabet on Tuesday sold a rare 100-year bond, a memo from the lead manager showed, part of a $31.51 billion global bond raise, as artificial intelligence-driven spending sparks a surge in borrowing at U.S. tech giants. Alphabet's sale of the ‌century bond is the tech industry's first since Motorola's issuance that dates back to 1997, according to LSEG data. "You have an extraordinary time period that we're ‌living throug ...