By Ben Dummett

Google owner Alphabet is raising about $11.5 billion by selling bonds in British pounds and Swiss francs, as it rounds up funding for a mammoth AI buildout.

Taken together with the $20 billion of dollar debt it issued Monday, it has secured $31.5 billion this week-eclipsing a $25 billion issue by rival "hyperscaler" Oracle about a week ago.

-- Alphabet raised GBP5.5 billion, equivalent to about $7.5 billion, of debt from selling five series of sterling bonds. The bonds mature in between three and 100 years, according to a termsheet seen by The Wall Street Journal.

-- It raised the equivalent of $4 billion in Swiss francs, again through bonds with five different maturities.

Alphabet and Oracle are among a handful of tech companies that have started borrowing heavily to fund massive investments in artificial-intelligence infrastructure. As recently as March, Alphabet reported less than $11 billion in total long-term debt.

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(END) Dow Jones Newswires

February 10, 2026 11:16 ET (16:16 GMT)

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