Alphabet sold $3.6 billion in Japanese yen bonds — a record for a foreign company — likely to help its AI capex binge

We now have the value for Alphabet’s Japanese yen bond raise — 576.5 billion yen, or $3.6 billion — and it’s a record for a foreign issuer in Japan. The deal was spread across seven tranches with maturities ranging from 3 to 40 years, allowing the company to lock in rates as low as 1.965%.

The latest deal comes on the heels of Alphabet’s massive US and European bond deals, where the company has tapped global markets for nearly $60 billion in fresh capital over the last few months. In a filing earlier this week, the search giant said it would use the proceeds for “general corporate purposes.” That likely means fueling its AI infrastructure build-out, which has pushed its projected 2026 capex bill to a staggering $190 billion.

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Chris Stokel-Walker

Rani Molla20h

Bloomberg: Relationship between OpenAI and Apple has deteriorated and legal action may be imminent

The two-year-old alliance between Apple and OpenAI has deteriorated, Bloomberg reports, with the AI giant now consulting legal counsel about issuing a potential breach of contract notice.

OpenAI executives allege that Apple failed to adequately integrate and promote ChatGPT on the iPhone, causing the AI firm to lose out on billions a year in subscriptions and hurt its brand, according to the report.

Meanwhile, Apple has expressed concerns over OpenAI’s privacy protection, and has been miffed that OpenAI has been working on its own hardware with former Apple design lead Jony Ive.

More recently, Apple, which has trailed its peers in developing AI, has decided to offer users their choice of AI models, rather than aligning exclusively with OpenAI’s.

Apple-OpenAI Relationship Frays, Setting Up Possible Legal Fight

Meanwhile, Apple has expressed concerns over OpenAI’s privacy protection, and has been miffed that OpenAI has been working on its own hardware with former Apple design lead Jony Ive.

More recently, Apple, which has trailed its peers in developing AI, has decided to offer users their choice of AI models, rather than aligning exclusively with OpenAI’s.

Jon Keegan21h

Report: Mythos is used to crack MacOS

Apple’s MacOS has long been considered to have some of the strongest cybersecurity protections in the industry.

But researchers using a preview release of Anthropic’s Mythos AI model were able to take control of a Mac, in a significant example of the unreleased AI model’s cyber capabilities, according to a report from The Wall Street Journal.

It took two security researchers five days to pull off the feat, which chained together bugs to corrupt the Mac’s memory, per the report. The researchers told the Journal that human expertise was required to use Mythos, and it would not be able to execute the attack on its own. The researchers reportedly said some of the Mythos hype was “overblown.”

Apple said it was taking the bug report “very seriously” and has not yet issued a fix.

Apple’s Security Has Been Tough to Crack. Mythos Helped Find a Way In.

Apple said it was taking the bug report “very seriously” and has not yet issued a fix.

Jon Keegan22h

Survey: 70% of Americans don’t want data centers in their community

America loves a good boogeyman, and data centers have become one.

It was once easy for the hyperscalers to sidle up to state legislators, utility executives, and local officials with the promise of jobs and the high-tech glow of AI for their economically challenged areas without much local opposition.

But now the script has been flipped, and public opposition to data centers is starting to solidify. A new Gallup survey asked 1,000 Americans for their thoughts on data centers, the first such survey for the polling company. Among the findings:

70% of survey respondents opposed local construction of AI data centers.
Opposition to local data centers was much stronger than opposition to local nuclear power plants.
Dislike for data centers is bipartisan — majorities of both Democrats and Republicans were opposed to data centers, but more so for Democrats.
Among those opposed to data centers, the impact on the environment and energy usage were top concerns.

Local communities and state governments around the US have introduced bans or moratoriums on data center construction. Senators have also introduced similar legislation in Congress.

Last month, Maine Governor Janet Mills vetoed legislation that would have enacted the first statewide bill to pause data center construction.

7 in 10 Americans oppose data centers being built in their communities

70% of survey respondents opposed local construction of AI data centers.
Opposition to local data centers was much stronger than opposition to local nuclear power plants.
Dislike for data centers is bipartisan — majorities of both Democrats and Republicans were opposed to data centers, but more so for Democrats.
Among those opposed to data centers, the impact on the environment and energy usage were top concerns.

Local communities and state governments around the US have introduced bans or moratoriums on data center construction. Senators have also introduced similar legislation in Congress.

Last month, Maine Governor Janet Mills vetoed legislation that would have enacted the first statewide bill to pause data center construction.

$100B

Jon Keegan5/13/26

Each day of the Musk v. Altman trial in Oakland, California, more details of Microsoft’s complicated $13 billion partnership emerge from the courtroom.

Yesterday, Microsoft executive Michael Wetter said that the company has spent over $100 billion on the OpenAI partnership. A big chunk of that came from the fact that Microsoft needed to build the costly infrastructure before OpenAI could use it, according to Wetter.

Microsoft’s investment looks like it was worth it, as OpenAI is currently valued at $852 billion, making Microsoft’s stake worth about $135 billion. OpenAI is planning for an IPO later this year.

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