Alphabet to sell $80bn in stock$80bn in stock for AI spending
Alphabet said it will sell $80 billion in stock to help fund a sharp rise in artificial intelligence investment, according to reports published on June 2.
The move underscores how expensive the global AI race has become and raises fresh questions about how quickly big technology firms can turn that spending into profit.
- Google’s search business still generates most of Alphabet’s revenue, which helps finance its newer bets.
- Major AI systems often depend on specialized chips that are in short global supply.
- Berkshire Hathaway has long been seen as a rare buyer able to commit huge sums quickly.
