Alphabet Inc. (NASDAQ:GOOGL) (NASDAQ:GOOG) had a busy Thursday. The stock rose about 3% as the Google parent raised nearly $4 billion through Asian bond sales and pushed further into artificial intelligence with new smart glasses and Gemini features.

The twin moves tell a simple story: Google is spending heavily to build out its AI business, and it is tapping debt markets around the world to help pay for it.

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. That is a lot of appetite for a debut borrower in these currencies.

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. Meta has had a head start in smart glasses, and Google clearly wants a piece of that action.

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.

Put it all together and the pattern is clear: Alphabet is working to spread Gemini across consumer devices, enterprise software and AI infrastructure, all while keeping the funding taps open.

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 market data.