Jun. 2 at 11:02 AM
$GOOGL
From Bloomberg:
"Alphabet to Raise
$80 Billion in Equity for AI Spending"
Takeaways:
- Google parent Alphabet Inc. is raising
$80 billion through a package of equity offerings, including an investment deal with Berkshire Hathaway Inc.
- The company will use the funds to support its ambitious artificial intelligence spending plans, including building infrastructure to develop cutting-edge artificial intelligence models.
- Alphabet is taking advantage of a stock rally and a growing appetite for its homegrown AI chips to capitalize on a significant growth opportunity ahead.
https://www.bloomberg.com/news/articles/2026-06-01/alphabet-to-raise-80-billion-in-equity-capital-for-ai-spending?cmpid=060226_morningamer&utm_campaign=morningamer&utm_medium=email&utm_source=newsletter&utm_term=260602&utm_content=5118