Alphabet and Amazon plan overseas bonds in yen and Swiss francs to bankroll AI expansion

Two mega firms are borrowing abroad to buy AI time

Alphabet is preparing a debut bond sale in yen, while Amazon is exploring an initial offering in Swiss francs. Both moves underscore how the global scramble for AI leadership is driving companies to pull funding from overseas debt markets, using loans to manage the soaring costs of building and scaling AI infrastructure. Investors will watch how currency choices affect risk and returns.