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Google owner Alphabet to sell $80bn in stock to fund AI spending spree

One of largest equity fundraisings ever includes $10bn share sale to US investment group Berkshire Hathaway Business live – latest updates Google’s parent company Alphabet has said it plans to raise up to $80bn (£59bn) in equity to fund its vast artificial intelligence infrastructure investments, raising further questions over the economics of the AI boom. The move, one of the largest equity fundraisings ever globally, includes a $10bn share sale to the US investment group Berkshire Hathaway, w…

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The GuardianLean L·1h ago
Google owner Alphabet to sell $80bn in stock to fund AI spending spree
One of largest equity fundraisings ever includes $10bn share sale to US investment group Berkshire Hathaway Business live – latest updates Google’s parent company Alphabet has said it plans to raise up to $80bn (£59bn) in equity to fund its vast artificial intelligence infrastructure investments, raising further questions over the economics of the AI boom. The move, one of the largest equity fundraisings ever globally, includes a $10bn share sale to the US investment group Berkshire Hathaway, w…
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Google owner Alphabet to sell $80bn in stock to fund AI spending spree

How 1 sources are covering this

Google owner Alphabet to sell $80bn in stock to fund AI spending spree

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