Alphabet Inc. (NASDAQ:GOOGL) (NASDAQ:GOOG) stock rose about 3% Thursday as the Google parent raised nearly $4 billion through Asian bond sales and expanded its artificial intelligence offerings with new smart glasses and Gemini features.
The developments highlight Google’s push to expand its AI business while securing financing for its growing technology investments.
Alphabet Raises Nearly $4 Billion In Asia
Alphabet raised approximately $3.78 billion through its first Hong Kong dollar- and Singapore dollar-denominated bond offerings, Bloomberg reported Thursday.
The company sold 16 billion Hong Kong dollars ($2 billion) in bonds across two-, five- and 10-year maturities.
It also raised 2.28 billion Singapore dollars ($1.78 billion) through bonds with maturities ranging from two to 30 years.
Investor demand was strong. Orders exceeded 32.5 billion Hong Kong dollars for the Hong Kong bonds, while Singapore dollar orders topped 4 billion Singapore dollars.
Alphabet plans to use the proceeds for general corporate purposes, potentially including debt repayment.
The fundraising follows a $6.7 billion euro bond sale earlier this month as major technology companies seek financing for AI infrastructure.
Google Challenges Meta With AI Smart Glasses
Meanwhile, Google and Samsung Electronics Co., Ltd. (OTC:SSNLF) opened preorders Thursday for AI-powered smart glasses developed with Warby Parker and Gentle Monster, Bloomberg reported.
The companies will offer nine styles, with prices starting at $395 for Warby Parker models and $449 for Gentle Monster versions.
Shipping begins Dec. 10.
The glasses feature Google’s Gemini AI assistant, a 12-megapixel camera, real-time translation and navigation capabilities.
They offer up to nine hours of battery life and work with iPhones and select Android devices.
The launch positions Google to compete more directly with Meta Platforms Inc. (NASDAQ:META) in the growing AI wearables market.
See More:
Top Value Stocks
Gemini Expands To Apple CarPlay
Google is also bringing its Gemini voice assistant to Apple Inc. (NASDAQ:AAPL) CarPlay, Bloomberg reported.
The feature allows drivers to interact with Gemini hands-free, search for nearby destinations and manage emails through connected accounts.
The global rollout for iOS users began Wednesday.
Earlier this week, Google also expanded access to its Gemini 4 Carbon AI model and outlined plans for new AI chips expected in 2027.
The developments underscore Alphabet’s efforts to expand Gemini across consumer devices, enterprise software and AI infrastructure.
GOOGL Price Action
GOOGL Stock Price Activity: Alphabet shares were up 3.03% at $302.35 at the time of publication on Thursday, according to Benzinga Pro data.
Image via Shutterstock
