The Guardian | Google owner Alphabet to sell $80bn in stock to fund AI spending spree by Julia Kollewe and Graeme Wearden
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Alphabet announced a plan to raise up to $80 billion in equity – one of the largest fundraisers ever – to finance its expanding artificial‑intelligence infrastructure, including a $10 billion share sale to Berkshire Hathaway. The capital will mainly support the scaling of its “world‑class AI compute” platform that underpins its Gemini chatbot, which is gaining market share, while $40 billion is earmarked for tax‑related employee‑equity costs and the remaining $40 billion will be available as a flexible “drip‑feed” fund. Analysts see the move as a clear signal that the AI arms race has entered a capital‑intensive phase, noting strong demand for Alphabet’s AI services and cloud compute, though they stress the need for demonstrable revenue returns. The announcement comes as rivals such as Anthropic, valued at $965 billion, file for an IPO, with OpenAI and Elon Musk’s xAI also expected to go public this year.
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