Alphabet Plans Debut Yen Bond Sale as AI Race Accelerates

Alphabet Inc. is planning to issue yen bonds for the first time in a move that may help fund investments as artificial intelligence competition intensifies.

The parent of Google is widening its funding sources as it has become a dominant player in nearly every aspect of AI. The tech giant raised its outlook for capital expenditure this year even and it is on the brink to overtake Nvidia Corp. as the biggest company in the world. It now plans to spend as much as $190 billion, up from a previous estimate of $185 billion, which was already double what it spent in 2025.