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One of the richest tech companies in the world is actually borrowing money to develop AI The $25 billion AI black hole that can't be filled: Google's bond issuance is just the beginning, a bigger storm is coming Yesterday, Google did something it has almost never done in its 27 years since going public— issued bonds to borrow money. Not a few hundred million, not a few billion, but $25 billion. They split it into 10 tranches of bonds, ranging from 2 years to 40 years, with the longest maturing in 2066. Even more astonishing, investors rushed in like crazy—subscription amounts reached $115 billion, more than 4 times oversubscribed. But think about it carefully— one of the richest tech companies in the world is actually borrowing money to develop AI. Why? Because the speed at which AI burns money has already surpassed Google's money printing speed. In Q2, for the first time in Google's history, free cash flow turned negative. Revenue is rising, cloud business is growing, but where's the money? It's all being poured into data centers, servers, and chips. This year's capital expenditure cap has already been raised to $205 billion—more than double that of 2025. And just a few weeks ago, Wall Street panicked over this figure, causing Google's stock price to drop. Now? Money is not enough, so they issue bonds to make up the difference. AI is turning the richest company on Earth into a "debtor" living on borrowed money. But more noteworthy than the bond issuance is another event that happened the same week— Google AI's core brain scattered. On August 5, Google announced a major restructuring of its AI business. DeepMind founder Hassabis stepped down as CEO and became Chairman and Alphabet's Chief Scientist. The official reason was "to focus on long-term strategy," but in plain language—it means he’s no longer handling day-to-day operations. Even more drastic, Jeff Dean, Google's Chief Scientist for 27 years, resigned and left. Along with him, three other top AI scientists also departed. #SepHikeOddsFallHawks #AIMemoryBullContinues #SpaceXUnlockRebound