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Alphabet seeks $80 billion to fund AI buildout

Alphabet said Monday it plans to raise up to $80 billion in equity to help fund its AI ambitions, which includes a $10 billion investment from Berkshire Hathaway via a private deal. Why it matters: One of the world's biggest companies, which has had historically high cash flow, is seeking more cash to keep up in the AI race. Driving the news: Alphabet said the proceeds will support "capital expenditures to scale AI infrastructure and global compute" amid "unprecedented customer demand." The fin…

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AxiosCenter·5h ago
Alphabet seeks $80 billion to fund AI buildout
Alphabet said Monday it plans to raise up to $80 billion in equity to help fund its AI ambitions, which includes a $10 billion investment from Berkshire Hathaway via a private deal. Why it matters: One of the world's biggest companies, which has had historically high cash flow, is seeking more cash to keep up in the AI race. Driving the news: Alphabet said the proceeds will support "capital expenditures to scale AI infrastructure and global compute" amid "unprecedented customer demand." The fin…
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Alphabet seeks $80 billion to fund AI buildout

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