Alphabet Plans to Raise $80 Billion for AI Infrastructure (opens in new tab)

Alphabet plans to raise $80 billion in equity capital to expand its artificial intelligence infrastructure and compute and meet “unprecedented customer demand.” The Google parent company’s equity offerings include $30 billion in underwritten public offerings, a $40 billion at-the-market (ATM) offering program, and a sale of $10 billion of stock to Berkshire Hathaway in […] The post appeared first on <a href="