AITechCrunch4 days ago
Alphabet plans to raise $80 billion to pay for AI buildout
1 min read
Alphabet plans to raise $80 billion by selling equity to fund AI infrastructure expansion. The company will sell $10 billion in stock to Berkshire Hathaway. Funds will be used for capital expenditures on global compute and AI scaling. Alphabet's Gemini AI system is gaining market share in chatbot applications. The company reports strong demand for its AI solutions.
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