Alphabet launched a six-tranche euro bond sale raising €3 billion, with maturities ranging from shorter tenors up to 2063. The longest-dated issue was initially priced at about 205 basis points over midswaps, reflecting robust demand among fixed-income investors.

The proceeds will contribute to Alphabet's record-high $190 billion capital expenditure plan for AI and data center infrastructure. This ramp-up represents more spending than in the prior three years combined, aiming to support growth in cloud services and generative AI workloads.

Separately, Alphabet joined Microsoft and xAI in a partnership with the U.S. government’s Center for AI Standards and Innovation. Under this arrangement, the companies will grant early access to advanced AI models for national security risk evaluations, with over 40 assessments already conducted.