The video discusses Alphabet's recent announcement to borrow $25 billion in bonds to fund investments in artificial intelligence, noting Meta Platform's similar move. It argues that Alphabet does not need the funds from an operation point of view, but has enough cash on hand. The speaker explains that the company chooses to borrow because it can borrow money at relatively low cost. Last week, Alphabet, Meta, Microsoft and Amazon all announced earnings with fantastic AI numbers and plans to significantly increase AI spending, indicating continued growth in artificial intelligence. This debt for equity balance is discussed. The Cost of Equity CAPM for Alphabet to give value around 10% while the cost of borrowing money around the 6% with after tax deduction benefits. Because it has a risk of beta around 1% the premium market risk will be kept around 6% but that might variate as market conditions change. In short, GOOG remains a buy to the host and should remain that way for the upcoming 12 months, as borrowing will be done at 6% for future upside around 10%.