Tens of billions is being pumped into investment in AI by some of the world's biggest tech firms, with Google's owner the latest to ramp-up spending

Concerns that surging AI costs aren’t being matched by a rise in revenue are growing among big businesses, even as tech stock valuations continue to surge.

Anthropic, led by co-founder Dario Amodei, pictured, has filed for an initial public offering in New York that could see it valued at more than $1trillion.

One of the world's biggest companies is racing to keep up in the AI competition.

The Google parent company's announcement comes on the same day as Anthropic said it had confidentially filed paperwork for an initial public offering

The pursuit to develop the most powerful artificial intelligence engine is on even as the risks and rewards of the new technology remain poorly understood.

Google parent Alphabet said Monday it plans to sell $80 billion in stock to fund a major expansion of its artificial intelligence (AI) infrastructure.

How is running an AI firm like running for Congress? In either case, you have to spend half your time raising money! Take Google’s surprising announcement on Monday afternoon that…

Alphabet will raise up to US$80 billion through share sales to fund AI expansion.

Google Seeks $80 Billion for AI Buildout; Berkshire Will Buy $10 Billion Stake

Alphabet, Inc. is doing something ambitious, and possibly playing hardball with OpenAI, Anthropic, and SpaceX.

Google Seeks $80 Billion for AI Buildout; Berkshire Will Buy $10 Billion Stake

Google Seeks $80 Billion for AI Buildout; Berkshire Will Buy $10 Billion Stake

Company is funding ambitious artificial intelligence spending

Alphabet announced plans to raise $80 billion through stock sales, including a $10 billion investment from Berkshire Hathaway, to expand its AI infrastructure.

One of largest equity fundraisings ever includes $10bn share sale to US investment group Berkshire Hathaway

Rolling coverage of the latest economic and financial news

Google parent to sell tens of billions in shares over time, including $10bn stake to Berkshire Hathaway, as it sees 'growth opportunity ahead'

Google's parent company Alphabet is raising $80 billion (€68.7bn) through a series of share offerings, marking one of the largest equity fundraising efforts in corporate history…

Google parent Alphabet will raise up to $80bn from investors to fund its AI expansion - one of the largest equity fundraisings in history

Tens of billions is being pumped into investment in AI by some of the world's biggest tech firms, with Google's owner the latest to ramp-up spending