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Why Google cofounders Larry Page and Sergey Brin lost $10 billion each on the day Google raised billions in equity
Google cofounders Larry Page and Sergey Brin saw their personal fortunes shrink by around $10 billion each on the same day Google-parent Alphabet announced plans to raise $80 billion through a massive stock sale to fund its artificial intelligence (AI) expansion. As reported by Fortune, the decline came as Alphabet shares fell sharply after investors reacted to the company's ambitious fundraising plan and growing AI spending commitments.
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aljazeera.com
Google parent Alphabet to sell $80bn in stock to fund AI plans
US tech giant says fundraising drive includes deal to sell $10bn of stock to Berkshire Hathaway.
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thehindu.com
Google-parent Alphabet plans to raise $80 billion for AI goals; Berkshire to invest $10 billion
Alphabet is looking to raise $80 billion in equity offerings, including an investment from Berkshire Hathaway, the Google parent said
