Google owner Alphabet to sell $80bn in stock to fund AI spending spree
by Julia Kollewe and Graeme Wearden from World news | The Guardian on (#761B1)
One of largest equity fundraisings ever includes $10bn share sale to US investment group Berkshire Hathaway
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, which was led until last year by the retired investment guru Warren Buffett for 60 years.
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