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Alphabet stock price jumps as Google parent plans $80 billion fundraising for AI expansion
Alphabet stock price remained in focus after Google parent Alphabet announced plans to raise up to $80 billion to expand artificial intelligence infrastructure. The company said Berkshire Hathaway will invest $10 billion as part of the fundraising effort. The move comes as Alphabet increases spending on AI data centers, chips, and computing capacity while competition among major technology companies continues to grow.
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cnbc.com
Alphabet plans to raise $80 billion from stock sales to fund AI buildout
Alphabet said it plans to sell $80 billion in stock, including through a $10 billion investment by Berkshire Hathaway.
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channelnewsasia.com
Alphabet plans to raise $80 billion for AI goals, Berkshire to invest $10 billion
June 1 : Alphabet is looking to raise $80 billion in equity offerings, including via an investment deal with Berkshire Hathaway, the Google parent said on Monday, in its…
