Alphabet, Google's parent company, is raising nearly $17 billion across global bond markets, including its largest-ever euro-denominated bonds and first Canadian dollar bonds, to fund its artificial intelligence investments. Separately, Apple plans to allow users to select from various external AI services to power its software features, a move expected to launch with iOS 17, iPadOS 17, and macOS 17 this fall. AI
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IMPACT Alphabet's substantial debt issuance signals increased investment in AI infrastructure and development, while Apple's move suggests a more open ecosystem for third-party AI integration on devices.
RANK_REASON Significant funding round for AI investments and a major product strategy shift for a tech giant.