Google’s 100-Year Bond, $650B AI Capex Forecast And Unilever’s Five-Year Cloud AI Deal
Evercore ISI warned that declining hyperscaler cash flow triggered a yellow flag as Google issued a 100-year bond and AI capex is forecast at $650 billion over 12 months. Unilever signed a five-year deal to migrate its platforms to Google Cloud for AI-driven commerce and data integration.
1. Evercore Warns of Hyperscaler Cash Flow Decline
An analyst warns that falling free cash flow among major hyperscalers has triggered a systemic yellow flag, even as AI-related capital expenditures across leading cloud providers are forecast to total $650 billion over the coming year. Google’s issuance of a 100-year bond marks a landmark credit event, echoing Motorola’s 1997 century bond and signaling investor confidence in long-term structural growth drivers.
2. Unilever Signs Five-Year Google Cloud AI Partnership
Unilever has entered a five-year agreement to migrate its consumer goods data and cloud infrastructure to Google Cloud. The deal will establish an AI-first digital backbone, incorporating agentic commerce capabilities, unified data systems, and advanced machine learning tools to optimize brand discovery, consumer engagement, and operational agility across Unilever’s global portfolio.