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Alphabet is pivoting its massive capital expenditure toward high-value AI products, using a major compute-rental deal to accelerate revenue growth.
Alphabet is leveraging an $84.75 billion convertible note issuance to fund a multi-year hardware lease, securing 110,000 NVIDIA GPUs for its cloud operations.
This colossal public offering relies on a bold vision for building data centers in space, promising to redefine digital infrastructure and overcome Earth-bound hurdles.