Apple plans to raise roughly seven billion dollars through a new bond sale

Apple is looking to raise about seven billion dollars through a US-dollar bond offering. The company is doing this by tapping debt markets to help fund its ongoing expansion into artificial intelligence. This move makes the tech giant the latest major firm in its sector to borrow large sums of money for technology growth. Bloomberg News first reported this development on Thursday, citing sources who are familiar with the matter.

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Large technology companies frequently issue bonds to raise capital quickly for massive investments like AI research and data centers. Borrowing money from debt markets allows these firms to fund big projects without spending their existing cash reserves right away.