Alphabet to sell up to $80bn in shares for AI build-out

Alphabet plans to sell up to $80 billion in shares to fund its AI build-out. The company will offer shares through a public offering to raise capital. The proceeds will be directed toward advancing artificial intelligence initiatives. The move supports the expansion of AI research and development across Alphabet's subsidiaries. The announcement reflects a strategic shift in capital allocation for AI innovation. The sale could involve shares of Google and other Alphabet entities.