BUSINESSQUARTZ
Google is raising $80 billion to bankroll its AI buildout
Google is raising $80 billion to fund its AI development, with $10 billion coming from Berkshire Hathaway through a private placement. The remaining funds will be sourced via underwritten offerings and an at-the-market program.
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Adjacent reporting
- Alphabet seeks $80 billion to fund AI buildout
- Alphabet plans to raise $80 billion to pay for AI buildout
- Alphabet plans to raise $80 billion from stock sales to fund AI buildout
- Amazon is borrowing $17.5 billion to help bankroll its massive AI buildout
- Alphabet's plan to sell $80 billion in stock to fund its AI buildout isn't all bad
- Alphabet to sell $80 million in stock to fund AI buildout