Google and CoreWeave Raise $6.7 Billion in Bonds to Fund AI Infrastructure
Google and CoreWeave Inc. have raised $6.7 billion in junk bonds to fund AI-related infrastructure projects, with Google's portion led by Morgan Stanley. The funding will support the construction of two data centers in Indiana, leased to Fluidstack Ltd. and backed by Alphabet Inc. CoreWeave also issued an additional $1 billion in bonds, capitalizing on strong investor demand for AI financing.
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Topics: AI funding bond issuance CoreWeave data centers Google junk debt