Alphabet Inc (GOOG)
The Stock Market Should Be More Worried About Google's AI Funding Plan
Anthropic files confidential IPO paperwork, Marvell can be the next trillion-dollar company, IBM stock notches record high, and more news to start your day.
Google parent Alphabet to raise $80 bn to fuel AI expansion
Google parent Alphabet announced Monday it plans to raise up to $80 billion in stock to fund a major expansion of its artificial intelligence (AI) infrastructure, with Warren Buffett's Berkshire Hathaway committing $10 billion as part of the deal.
Gelion partners with Nissan on solid-state battery project
Gelion PLC (AIM:GELN, OTC:GELNF, FRA:X0S), the sulfur battery company, has announced a three-year collaboration with Nissan and the University of Oxford to...
Alphabet raising $80bn in stock sale to fund AI infrastructure push - and with the help of Berkshire Hathaway
Alphabet Inc (NASDAQ:GOOG), the parent company of Google, announced after hours on Monday it plans to raise $80 billion through a stock sale to fund its artificial intelligence infrastructure buildout. The proceeds will be directed towards capital expenditure to scale AI infrastructure and global compute capacity, with Alphabet citing demand for its AI products from enterprises and consumers that is currently exceeding available supply.
Alphabet to raise $80bn from share sales to fund AI spending splurge – business live
Rolling coverage of the latest economic and financial news
Alphabet plans to raise $80 billion to pay for AI buildout
Google parent company Alphabet said Monday that it plans to raise $80 billion to help pay for the massive AI infrastructure buildout it has planned. Alphabet will sell off that amount in stock, and will then use the funds to pay for “general corporate purposes, including capital expenditures to scale AI infrastructure and global compute,” the company said in a statement.
Google Seeks to Raise $80 Billion for AI Infrastructure
The company says it has reached an agreement to sell $10 billion of stock to Berkshire Hathaway as part of the plan.
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. Google's parent said the capital will "fund investments in its world-class AI compute infrastructure to meet its unprecedented customer demand.
Berkshire invests extra $10 billion in Alphabet, deepening bet on AI
Berkshire invests extra $10 billion in Alphabet, deepening bet on AI
Google engineer charged with insider Polymarket bets poised to lose millions in stock grants: report
Michele Spagnuolo, a 36-year-old software engineer, was charged last week with wire fraud and money laundering after allegedly earning $1.2 million through his scheme – which involved using nonpublic Google data to win bets on which celebrities, such as rapper Kendrick Lamar, would appear among the “most-searched” people in the world.
YouTube is now Hollywood's horror-film pipeline — and the new model for movie making
Two films that were born out of Alphabet's GOOG-1.31% GOOGL-1.28% YouTube and online culture turned into box-office smashes over the weekend, shattering records and perhaps setting a new model for how Hollywood movies are conceived and made in the future.
Are the 3 Newest Members of the $1 Trillion Market Cap Club the Latest Sign of an AI Bubble?
As the world's insatiable appetite for artificial intelligence (AI) continues to drive a global memory chip shortage, a handful of companies are experiencing outsized gains so pronounced that they have prompted some investors' concerns about a looming AI bubble to resurface.
