AIThe Motley Foolabout 3 hours ago
Alphabet Raises $84.75 Billion for AI War
1 min read
Alphabet announced an $84.75 billion equity offering to fund AI investments, reversing a decade of stock buybacks. The company plans to spend $180 billion to $190 billion this year alone. The raise funds AI infrastructure for Gemini models, cloud computing, Waymo, and a deal with Apple to power iOS devices.
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