Alphabet announces $80 billion equity fund raise for AI spending
Sundar Pichai-led Alphabet Inc. has announced an $80 billion fund raising through equity offerings on Monday, June 1. The deal includes an investment of $10 billion by Berkshire Hathaway. As per the undertaking issued, Alphabet will raise $40 billion through a so-called “at-the-market” program, by selling shares from time to time, starting the third quarter. … Read more
